UK oil industry is behind OGA strategy rethink, Chrysaor chief says

The boss of the UK North Sea’s biggest producer is confident national net-zero targets can be factored into the sector’s operations without large volumes of indigenous oil and gas being left stranded.

Chrysaor chief executive Phil Kirk said the industry understood times were changing and was “behind” the Oil and Gas Authority’s (OGA’s) strategy review.

The OGA ran a consultation earlier this year on its intention to update its maximising economic recovery (MER) strategy to include a requirement for industry to help the UK Government reach its net-zero target.