To ask the Secretary of State for Energy and Climate Change, what steps she is taking to increase exploration for oil and gas in the North Sea.
12 May 2016
In January the Prime Minister announced a package of new measures to increase exploration for oil and gas in the North Sea. This included £20m of additional funding for seismic surveys, a £1m prize fund to maximise use of the 2015 seismic surveys and £700k funding for new 3D visualisation centre at Heriot Watt University.
This builds upon previous fiscal measures and seismic funding made by this government to ensure the UK Continental Shelf remains an attractive destination for investment - safeguarding the future of this vital national asset.