UK Government update on oil sector deal in ‘weeks, not months’

UK Energy and Clean Growth Minister Claire Perry, pictured in Aberdeen earlier this year.
UK Energy and Clean Growth Minister Claire Perry, pictured in Aberdeen earlier this year.

The oil industry will get an update on its bid for a money-spinning sector deal in “weeks, not months”, the UK’s energy minister said yesterday.

Lobbyists for North Sea industry made their case for further support in the form of a sector deal earlier this year.

It would form a key plank of Vision 2035, the UK oil industry’s target of generating £920 billion worth of revenue for the economy over the next 17 years.

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