A new oil and gas strategy for Scotland targeting higher long-term recovery rates, greater exports and £30billion annual sales by 2020, has been launched by the First Minister on a visit to account-managed company Hydrasun in Aberdeen.
The strategy, which we developed on behalf of the Oil and Gas Industry Leadership Group (ILG), aims to build the industry’s success to secure future growth, through a number priority areas for action.
The First Minister also announced that we will make up to £10 million available to support innovation in the sector over three years.
In addition, we will deploy additional resources in terms of account management for the sector.
This will be complemented by additional resources from SDI, including extra overseas resources planned for Brazil, Norway and West Africa.