Photograph: Igor Alexejev/Alamy
North Sea oil and gas must be brought under greater public control to avoid a cliff-edge collapse of the industry and secure a sustainable future for workers and communities, according to a report.
Under the current private ownership model the inevitable end of North Sea oil and gas production – whether through government action or the lack of viable oilfields – will lead to private companies abruptly abandoning the basin, leaving frontline communities and the state to deal with the social and economic consequences, the authors predict.
