OGUK says industry ‘at a critical juncture’ after EU vote

Responding to the UK vote to leave the European Union, Oil & Gas UK said the offshore oil and gas industry is “at a critical juncture.” In a statement issued June 24, the trade association said, “We need to ensure the UK Continental Shelf continues to attract investment and be seen as a great place to do business.”

OGUK said it had been neutral throughout the referendum campaign and respects the democratic decision of the UK people.

“We hope that all those involved will now come together and work constructively to make this transition as smooth as possible and we ask that the UK government clearly outlines the process which will follow to minimize any potential period of uncertainty.

“We will be consulting closely with our members in the coming weeks and look forward to engaging with all governments to play our part in this process.”

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