The announcement today (June 28) from Repsol Sinopec that first gas has been delivered from the Cayley field has been welcomed by Oil & Gas UK.
Deirdre Michie, Chief Executive of Oil & Gas UK, said: “This is the sixth major development to reach first production so far in 2017 and therefore another very welcome announcement, underlining our belief in the future of the North Sea and the resolve of operators to make the most of the opportunities it still offers.
“This is a significant development for Repsol Sinopec and for the other fields in the Montrose Area that will also benefit from this investment and redevelopment strategy.
“There are still billions of barrels of oil and gas in the basin and maximising economic recovery of those protects and sustains many thousands of UK jobs, helps deliver security of supply and significantly bolsters the UK economy.”
ENDS
Notes to Editors
Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / jphillips@oilandgasuk.co.uk.
Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.