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PILOT Aims to Boost Business by £1 Billion by 2010
| Date: | 27 Jul 2000 | | Details: | Two new studies aim to identify £1 billion in new business opportunities for oil and gas companies by 2010. The studies have been commissioned by the Department of Trade and Industry (DTI) to support the PILOT initiative to secure a long-term future for the sector.
ECOTEC Research and Consulting Ltd is carrying out the first study. It concentrates on the opportunities for growth presented by current environmental regulation. The second, by Optimat Limited, will explore how oil and gas companies can diversify into other sectors.
Both studies will assess the UK's capability to take advantage of identified opportunities, and will develop a strategy to communicate these to the Industry.
The Oil and Gas Industry Task Force (OGITF), now renamed PILOT, defined the need to focus on new business development as one of the three building blocks for continued UK oil and gas success. Also fundamental are maintaining UKCS competitiveness and increasing exports of skills and services.
Tom Smith, of Nessco Ltd and an industry sponsor of the initiative, said, "These studies will provide companies with a unique opportunity to consider new areas for business development and diversification, as well as promoting their expertise to prospective clients."
Helen Liddell, UK Energy Minister said, "These are both important studies. They aim to identify and communicate new opportunities for UK oil and gas companies. They will go a long way to helping achieve our vision of £1 billion in additional business by 2010. I urge companies to get involved."
Further information is available at the PILOT website - www.pilottaskforce.co.uk
Both studies will be completed by the end of September. Details of their findings will be announced via the PILOT website later this year. Participation in the PILOT self-assessment initiative is free and open to UK based companies where oil and gas is currently a primary market. | | Contact: | Trisha O'Reilly, PILOT Communications
Tel: 020 7802 2422
Email: toreilly@ukooa.co.uk |
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For all press enquiries please contact:
Trisha O'Reilly at UKOOA Tel: 0207 802 2422 Email: toreilly@ukooa.co.uk
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