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    Hewitt helps oil and gas industry get to the future

    News // October 4, 2001
    UK Trade and Industry Secretary Patricia Hewitt has revealed 2.4m plans for the UK's first Oil Portal - an ambitious e-commerce development to make the oil and gas industry's essential business with Government easier, faster and smarter.

    The UK Oil Portal will allow all key oil and gas business, such as applying for consents, approvals and regulatory reporting, to be done electronically making life easier for industry.

    Ms Hewitt made the announcement as she officially inaugurated Elgin Franklin, a major offshore oil and gas field in the North Sea developed by TotalFinaElf.

    Elgin Franklin supports 260 permanent jobs in Scotland, and provides approximately 400 jobs in the support services. The fields are expected to produce 5.5 per cent of the UK's condensate production, and 4.5 per cent of gas production. The expected fieldlife is 23 years.

    Patricia Hewitt said: "It is vital that business and Government make the most of cutting edge technology, such as the UK Portal, to make daily business easier and faster.

    "The UK's oil and gas industry is renowned for embracing new technologies and this is reflected in its tremendous success. The industry makes a significant contribution to the economy and is respected all over the world as one of the best.

    "Elgin Franklin is an example of the industry's success and vision and is a major boost to the UK economy. During its construction, this project employed more than 5,000 people and created 160,000 man months of work. It now supports 260 jobs.

    The UK Oil Portal is funded from the Government's Capital Modernisation Fund to support capital investment aimed at improving public services. 2.4 million has been allocated to the DTI over the next two years. The system is already up and running but will be further developed and refined with the money.

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