A leading university academic last night outlined the difficulties the oil and gas industry would face should Scotland become independent.
Professor Alex Kemp, of Aberdeen University, an expert on oil economics, told an audience of more than 200 people that it would require an โextensive transitional periodโ to address the issues.
A hydrocarbon release (HCR) reporting system was set up in 1992 by the Health and Safety Executive following a recommendation made by Lord Cullen in his report on the Piper Alpha disaster. HCR information is regarded within the industry as an offshore installation management performance indicator.