Institution of Mechanical Engineers IMechE

Oil & Gas UK’s Activity Survey – what’s happening in the offshore industry?

15 March 2012

Despite the signs that 2011 was a record year for investment, exploration activity and production both fell dramatically, providing worrying signals for the UK oil and gas industry.
Can the offshore oil and gas industry sustain its position as one of the largest industrial investors in the economy and a global leader in offshore technology and services? What impact will the recent instability in the industry's fiscal regime, continued caution in business confidence, lower than expected exploration activity and a mere trickle of asset transfers have on the industry's investment plans for 2012 and beyond? What will this mean for the future of the UK’s continental shelf?

Speaker: Mike Tholen, FIMechE, Economics Director, Oil & Gas UK
As Economics Director for Oil & Gas UK, Mike Tholen seeks to foster a business environment which sustains the competitiveness of this mature oil and gas province. Particular responsibilities within the oil and gas industry trade body include fiscal and energy policy and regulatory affairs. He is actively engaged with HM Treasury and DECC on the future of the UK oil and gas fiscal and regulatory regime which will be critical to deliver the full potential of the basin.



Prior to joining Oil & Gas UK he worked with Shell for 20 years, latterly holding a variety of commercial positions including economics and planning manager for their upstream UK gas business and Offshore Infrastructure Manager in the Netherlands. He is a Fellow of the Institution of Mechanical Engineers and a regular commentator on the energy scene.

Clips:

Oil & Gas UK’s Activity Survey – what’s happening in the offshore industry?

: Speaker: Mike Tholen, FIMechE, Economics Director, Oil & Gas UK

As Economics Director for Oil & Gas UK, Mike Tholen seeks to foster a business environment which sustains the competitiveness of this mature oil and gas province. Particular responsibilities within the oil and gas industry trade body include fiscal and energy policy and regulatory affairs. He is actively engaged with HM Treasury and DECC on the future of the UK oil and gas fiscal and regulatory regime which will be critical to deliver the full potential of the basin.

Prior to joining Oil & Gas UK he worked with Shell for 20 years, latterly holding a variety of commercial positions including economics and planning manager for their upstream UK gas business and Offshore Infrastructure Manager in the Netherlands. He is a Fellow of the Institution of Mechanical Engineers and a regular commentator on the energy scene.

Duration: 1:00:00