A drilling rig near the Scottish Highlands, the Ocean Guardian
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Offshore oil and gas industry 'enjoying boom'

Britain's offshore oil and gas industry is enjoying a sustained boom in investment and job creation, according to the sector's annual business survey.

Oil and Gas UK said the rate of decline in production from UK waters would be halved over the next five years.

BBC Scotland's business editor, Douglas Fraser spoke to Malcolm Webb, chief executive of Oil and Gas UK.

Mr Webb said "It's an industry with a great future"

  • 23 Feb 2011