£15m for new UK offshore oil and gas industry regulator

£15m for new UK offshore oil and gas industry regulator

The UK Government has committed to £15m funding to help kick-start a national offshore oil and gas regulator.
The money will be invested over the next five years in response to Sir Ian Wood’s Wood Review.
The Oil and Gas Authority (OGA), which will be based in Aberdeen, will receive £3m a year for five years from 2016-17.
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