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North Sea Oil And Gas Industry

Volume 400: debated on Monday 3 March 2003

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To ask the Secretary of State for Trade and Industry if she will make a statement on her plans to work with Norway to make more efficient the administration of the North Sea oil and gas industry. [99198]

The report of the UK-Norway North Sea Co-operation Workgroup, published in August 2002, sets out a number of recommendations to facilitate closer co-operation and sharing of best practice. This includes a Framework Treaty—designed to facilitate a wide range of potential future trans-boundary oil and gas developments—and a single North Sea suppliers' database. Further work is also proposed to assess the need for a pan-industry Code of Practice.The report shows clearly that improved co-operation in the recommended areas can improve North Sea effectiveness and will unlock value through lowering investment and operating costs, through economies of scale and through improved safety standards.A Pilot /Kon-Craft Implementation Group is working closely with relevant parties to ensure that the recommendations of the report are fully realised.