Andy Samuel named as head of Oil and Gas Authority in Aberdeen

Andy Samuel will take up the post next year

The man who will head the government's new Aberdeen-based oil and gas industry regulator has been named.

Andy Samuel is managing director of BG Group's exploration and production in Europe.

Chief Secretary to the Treasury, Danny Alexander, said Mr Samuel would help shape the future not just of the industry, but of the entire UK economy.

The creation of a new regulator was a key recommendation in Sir Ian Wood's major review of the industry.

Sir Ian said it would be essential in maximising the recovery of remaining oil and gas.

Mr Samuel's appointment is said to be key for the UK economy

Mr Samuel will take up the post as the Oil and Gas Authority's first chief executive at the start of next year.

Mr Alexander said: "Oil and gas is one of the UK's most valuable industries, supporting 450,000 jobs in Scotland and across the country.

"It's great that Andy Samuel, with his wealth of experience and knowledge, will become the CEO of the new Oil and Gas Authority, shaping the future of not just the industry but the entire UK economy.

"I look forward to working with Andy as he implements the findings of the Wood Review, ensuring that both the industry and the nation continue to benefit from the billions of barrels of North Sea oil that still remain to be extracted."

'Strong future'

Mr Samuel said: "I am honoured to have been chosen to lead the OGA.

"I know first-hand the challenges industry currently faces and am confident that implementing the vision set out in the Wood Review will create a strong future for the UK's oil and gas industry.

"I have much enjoyed my time at BG Group, with a lot to be grateful for, and am now looking forward to establishing the OGA and setting its priorities in the New Year."

Mr Samuel's appointment was welcomed by the industry body Oil and Gas UK.