Oil and gas expert group for independent Scotland

An independent group that will provide expert advice on how to maximise returns from the North Sea oil and gas has been formed in Scotland. The Expert Commission on Oil […]

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By Priyanka Shrestha

An independent group that will provide expert advice on how to maximise returns from the North Sea oil and gas has been formed in Scotland.

The Expert Commission on Oil and Gas will consider options for the implementation of the key principles set out in the Scottish Government’s White Paper published in July this year.

The Commission will provide advice on the “technical application of the policy framework” if the nation secures independence.

Scotland’s Energy Minister Fergus Ewing said: “I am very confident that the work of this Commission will provide vital advice and recommendations on the technical application of the policy framework which would underpin Scottish Government Policy in an Independent Scotland.

“The Scottish Government values independent advice while refining its final proposals for the operation of the offshore fiscal, regulatory and licensing regimes and that is why today’s announcement is of key importance.”

The Commission will produce a full report in six months.

The Government set out a a review of the UK Continental Shelf earlier this year in an attempt to squeeze out as much economic benefit as possible from the region’s oil and gas.