Partners at law firm Burness Paull believe the strategy of maximising economic recovery from the North Sea can co-exist with UK net-zero ambitions.
Neil Smith said net-zero would take many years to achieve, and with hydrocarbons still heavily relied upon by society, the prospect of managing North Sea reserves for another 30 years is both realistic and likely.
Colleague Peter Ward added that the energy transition created a host of opportunities for oil and gas companies to bring their skills to bear with technologies such as carbon capture and storage and platform electrification.
Burness Paull is a Principal Partner of our Energy Transition Idea Exchange (ETIDEX) event on November 19.
Neil will join a panel including speakers from Orsted, Pale Blue Dot Energy and Greenpeace for the keynote session of ETIDEX, which will look at where the transition currently is and where it is headed.
Peter and participants from Aker Solutions, Ocean Winds, Equinor and AREG will discuss renewables and transition infrastructure in session three.
You can register for the virtual event free at www.etidex.co.uk