What Scottish Independence Means to North-Sea Oil and Gas

Written by on January 3, 2013 in Featured on App, Gas, Oil with 0 Comments

Scotish Independence North Sea Oil and Gas

With the North-Sea holding 24 billion barrels of untapped Oil, the future of the industry has become a leading issue within Independence debates. Oil and Gas is unquestionably the bedrock of the Scottish Economy; supporting almost 500,000 jobs and a prospective 22bn in Scottish tax revenue.

Mr Salmond, delivering what he called a new year message to the oil and gas industry, said: “I recognise how important the sector is to Scotland’s economy, and I am committed to working closely with the sector to help it build on 2012′s successes in 2013."

First Minister Salmond also suggested that Scotland would be in a “stronger position” as an independent nation, using oil revenue to support growth and deliver public services.

Although Salmond's statement provides some insight into the countries possible independent policy, it will inevitably please many who were worried about how a completely devolved Scotland would approach legislation in the industry.

Do you think an independent Scotland would cause problems for North-Sea Extraction?

And can we trust the First Minister to place policy precedence on the industry?

Alternatively if you'd like to discover and learn more about Scottish independence and energy issues, why not attend our event Oil and Gas Outlook North Sea 2013.

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