New oil regulator 'would allow collaboration'

A new regulator for the oil industry would allow operators in the North Sea to "work much better together", the leader of a government-commissioned study into the industry, external has said.

Sir Ian Wood, who chaired the Wood Group from 1982 until 2012, explained that a new regulator would facilitate "the recovering of much more oil and gas".

His comments come as ministers from both the UK and Scottish governments are in north-east Scotland to set out plans for the future of the North Sea oil and gas industry.

First broadcast on BBC Radio 4's Today programme on Monday 24 February.