BREXIT: UK votes to leave EU

The UK has, by a narrow margin, voted to leave the EU in a landmark referendum held on Thursday 23rd June. According to the BBC, 51.9% of voters decided to leave the EU.

Commenting on the decision, Scott Lehmann, VP of Product Management & Product Marketing at Petrotechnics, said:

“The UK's decision to leave the EU brings a new period of uncertainty for the UK oil and gas sector - the full effects of which may not be realised for some time. As an international industry, success depends on our ability to attract highly skilled talent to our shores and leaving the EU may limit the mobility of people both in and out of the UK. However, as a mature oil and gas region, the low oil price environment is likely to have by far the biggest impact on the future prosperity of the UK North Sea.”

Peter Searle, CEO of Airswift, said:

“The poll we conducted prior to the vote revealed that only 32% of energy sector workers would have voted to remain. That said, this result could create uncertainty for North Sea operators, particularly around the need to source talent for projects in and around the EU. However, leaving the EU could ultimately signal a more prosperous future for the UK North Sea. Norway, a key player in the energy industry, already exists successfully outside of the EU and now it’s the UK’s time to carve out its own future.”

Adapted by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/24062016/uk-votes-to-leave-eu/