HC Deb 06 March 2001 vol 364 cc198-9W
Dr. Strang

To ask the Secretary of State for Scotland if she will make a statement on the future of oil and gas industry businesses in Scotland. [150738]

Mrs. Liddell

The Government and industry are working together through PILOT to ensure that Scotland and the UK remains a centre of profitable activity well into the new century.

The Oil and Gas industry continues to be a major contributor to the Scottish Economy. Renewed confidence in the UK Continental Shelf as a place to do business is leading to increased investment intentions. The major package of investment projects announced by the oil companies in December last year will generate 2500 jobs across the UK, around half of which will be in Scotland. These projects are excellent examples of how new ideas and initiatives—such as sharing knowledge on new technologies, improving communication across the supply chain, facilitation of asset trading technologies and commercial co-operation—are enabling access to previously undeveloped fields.