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OGUK welcomes government promise of assistance to offshore sector

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Oilfield Technology,

Industry body OGUK, which represents over 400 companies in the UK's offshore sector, has welcomed the UK government’s announcement of help for both workers and companies in the wake of the Covid-19 pandemic, the oil price crash and low gas prices.

Deirdre Michie, Chief Executive of OGUK, said:

“Many of the companies in our industry, especially in the supply chain, are still financially fragile after the previous oil price crash, so the triple whammy we now face is particularly dangerous. In that context the strong response from the UK Government and their clear determination to support both workers and companies is very welcome. It is now crucial to ensure companies can easily and rapidly access this money as for many businesses and individuals cash flow is now vital.”

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Upstream news Offshore news Oil & gas news