On 24th March, the UK government announced that it will deliver a transformational and unprecedented deal, the North Sea Transition Deal, to tackle climate change and deliver key aspects of their ten-point plan.
The deal, developed in partnership with the leading representative body for the sector, OGUK, sets out an ambitious plan for how the UK’s offshore oil and gas sector and the government will work together to deliver the skills, innovation and new infrastructure required to meet stretching greenhouse gas emissions reduction targets.
Due to the significance and importance of the deal for our industry, a Deal Delivery Group has been established with representation across Government and Industry. OGUK is driving the implementation plan with direct strategic oversight from members of the OGUK Board. Kellas Midstream’s Managing Director, Andy Hessell, is a member of this group and is enthusiastic about the opportunity saying, “This deal presents us with the opportunity to shape the future of our industry, and show that we can deliver, and thrive, as we achieve net zero”.
The deal – the first of its kind by any G7 country, is built on five outcomes. Each of these is closely interlinked, meaning that the deal must be delivered as an integrated whole to achieve its full potential.
Our industry has reached a tipping point and, as the deal shows in its structure, we need to work collaboratively, using both our existing and new skills, and expertise to show that our industry can deliver successful projects while achieving net zero.