Commenting on the start-up of production from Total E&P UK’s Laggan-Tormore field in the west of Shetland, Deirdre Michie, Oil & Gas UK’s chief executive, said:
“The confirmation of first gas production from the Laggan-Tormore field is very welcome news at a challenging time for the UK oil and gas industry as a whole.
“Developing the field attracted billions of pounds of investment to the UK, employed thousands of people and required technological innovation over many years. Production from the field will supply a significant proportion of the UK’s gas needs, supporting energy security at a time of sustained dependence on gas as a fuel.
“Investment in Laggan –Tormore was made possible by the introduction of a tax allowance for deepwater gas developments several years ago. The significant economic contribution made by the project illustrates how changes to the tax regime can be a real enabler in maximising the economic benefit from our oil and gas reserves.”