UK Trade and Industry Secretary, Patricia Hewitt has announced £ 2.4 million funding for the UK Oil Portal (see PDM Vol. 5 N° 12). The UK Oil Portal is described as an ‘ambitious e-commerce development designed to make the oil and gas industry’s essential business with Government easier, faster and smarter.’
The UK Oil Portal will allow key oil and gas business processes, such as applying for consents, approvals and regulatory reporting, to be done electronically ‘making life easier for industry.’
Hewitt commented, “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 Portal is funded from the Government’s Capital Modernization Fund and the current allocation covers the next two years. The system is already up and running but will be further developed and refined with the new money.
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