The first senior appointments to the new Oil and Gas Authority (OGA) have been made. Chief executive, Andy Samuel, has selected the first of his three directors of the new regulatory body, created following Sir Ian Wood's review of the UK oil and gas industry in 2014.
The chief executive of the newly formed Oil and Gas Authority (OGA) has taken up his new role. Andy Samuel was appointed in November last year following the establishment of the independent body. Its creation was an integral part of the recommendations made by Sir Ian Wood as part of a review into maximising the UK’s offshore oil and gas resources.
Eyebrows were raised after it emerged that the incoming chairman of the new oil and gas regulator would enjoy a £100,000 pay packet for a job that requires just 2.5 days a week work. The Oil and Gas Authority (OGA), formed on the recommendation of the Wood Review, is on the hunt for a chairman or woman after it recruited former BG Group boss Andy Samuel as its new chief executive. Mr Samuel, who takes up his new job on January 1, will be paid £250,000 per year.
The newly appointed Oil and Gas authority (OGA) chief executive said the biggest challenge the industry faced was a change in culture and behaviour in the industry. Andy Samuel, BG managing director, was named as the man to take the helm of the new industry body during a visit with the Chief Secretary to the Treasury Danny Alexander in Aberdeen. Mr Samuel said he wanted to work at pace but with “wisdom” to ensure no “false starts” were made as the industry body moved a step further to becoming fully operational. Speaking at Archer’s headquarters in Blackburn, he said: “I think I want to work at pace but with wisdom, we don’t want to make any false starts. “We need to work together in a tripartite relationship. The industry, the OGA and the government closely working together is vital.