Sir Ian Wood and the oil industry

oil and gas people is one of, if not the top, recruitment sites for the oil and gas industry.

 
Here’s what they have to say on the “oil running out within years” propaganda from the UK/Bitter Together/ Just all Tories with different colour of ties. 
 
 
“Scotland could be sitting on more than double the amount of oil and gas reserves currently predicted, a new independent industry investigation has found. The investigation reveals that the scale of Scotland’s untapped frontier West Coast or Atlantic Margin has been underestimated.

 
The investigation was undertaken by oilandgaspeople.com, the world’s largest oil and gas industry jobs board, and independent North Sea oil and gas industry experts. The investigation included interviews with industry experts and collated seismic and expert evidence from a range of independent sources such as the British Geological Survey, DECC, oil and gas companies, the Institute of Petroleum Engineering and the  Energy Institute.
 
The findings show that the current predictions of extensive untapped reserves of oil and gas could be underestimated by 100%. The West Coast alone could provide oil and gas for at least 100 years with an estimated value of more than £1 trillion.”
 
Just let that sink in for a bit.
 
The “untapped” West coast resources come in at an estimated wholesale value of “£1 Trillion” and could last for “at least 100 years” this is a tiny bit opposing to the 15 years stated by Sir Ian Wood ( source http://www.telegraph.co.uk/news/uknews/scottish-independence/11046740/Sir-Ian-Wood-15-years-of-oil-left-before-independent-Scotland-spending-cuts.html )
 
Furthermore it goes on to state :
 
“Yet the area – off the west coast of Scotland and Outer Hebrides and Shetland –has remained largely untapped due to deep waters and difficult geological conditions.
 
This is despite strong geological evidence for oil and gas reserves, including that the major basins in the area are filled with thick sedimentary successions – which helps produce and then reservoir oil and gas. These geological conditions support the formation of gigantic, or ‘supermassive’ oil reserves.”
 
“gigantic” “supermassive oil reserves”
 
This is not coming from Sir Ian Wood who recently waded into the independence debate saying the Scottish Governments estimates of 24 Billion barrels of oil remaining in current fields is too high even though it goes against his own words http://www.youtube.com/watch?v=kIIW6hg–AA yes he does say we need to invest in the industry to produce this great number (in current fields) but the oil industry has already recorded record investment in the north sea in the last year (£14.4 billion source Financial Times http://www.ft.com/cms/s/0/3b6a488a-2f95-11e4-87d9-00144feabdc0.html#axzz3CI1lzjdP ) Though I personally love the spin he tries to put on the 24 Billion barrels figure. It’s all the nasty SNPs fault apparently, they’re to blame with their looking after people with free education, free prescriptions and free personal care. What utter cunts they SNP basterds are eh? http://www.scotsman.com/news/politics/top-stories/scottish-independence-snp-exaggerated-oil-reserve-1-3515889
 
Coincidentally Sir Ian Wood’s position on remaining reserves in current fields has changed just when he has personally came out in favour of a ‘no’ vote. I mean sure, a personal Billionaire who has made his fortune off the back of others actually doing the work is obviously going to be looking out for the workers. Right?
 
It also comes at a time when Sir Ian’s company Wood Group have been involved in shale gas exploration using fracking.
 
Chief Executive, is quoted as  saying “if and when society deems its the right or wrong  thing to do, if it was to go ahead we would love to be a part of it” ( source http://www.scotsman.com/business/energy/wood-group-keen-for-uk-shale-fracking-boost-1-3053596 )
 
And who has just been issuing licences for fracking? Oh that’s right Westminster. While the Scottish Government’s energy minister is quoted as saying “all the decisions taken about it should be taken by the people of Scotland, through the parliament and government they elected” ( source http://www.scotsman.com/news/environment/scottish-government-defy-westminster-over-fracking-1-3510927 ) Currently the power to stop fracking currently lies in Whitehall not Holyrood and no party is even proposed devolving it in the event of a ‘no’ vote.
 
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