Information Bulletin
28 March 2007
Shetland Islands Council Commissions Study to Evaluate the Future Opportunities for the Port of Sullom Voe
Shetland Islands Council today approved the commissioning of a study to determine the future prospects for the Port of Sullom Voe and the surrounding area. The aim for the study is to set out a strategic plan for the operation of the port of Sullom Voe over the next thirty years, whilst detailing a delivery plan for the next five years.
Convener of the Shetland Islands Council, Sandy Cluness said “Sullom Voe has been the major asset in the Shetland and UK economy for the past quarter of a century, and it is vital that we start planning now for the downturn and eventual conclusion of the islands' oil era. The port has played host to some of the largest ships the world has ever seen, and the staff have developed an expertise unsurpassed anywhere in Europe. The area has extensive possibilities for regeneration, and a modern airport, and I am certain that the study will prove invaluable in any future planning on behalf of the Shetland community”.
Chairman of the Council’s Economic Development Forum, Drew Ratter also supported this move,
“Economic diversification is a key element in supporting a sustainable economy and it is important that we look to broaden activity at the port and maintain employment in the area. I have wanted this study for a long time. I consider the port of Sullom Voe one of our prime economic assets. It has been fundamental to the economy of the area, and indeed the whole of Shetland, for three decades. Let us decide what it can do over the next three”.
The study commissioned today will allow newly elected members to discuss its findings after the summer recess.
Media release ends…
Notes to Editor
Background Notes
When oil first arrived at the Sullom Voe Terminal from the East Shetland basin the autumn of 1978 it was believed that the last oil would be shipped out in 1997. Greater understanding of the reservoirs and enhanced recovery techniques has resulted in a much longer life for the Terminal and Port assets.
Oil analysts are predicting fields processing, albeit at very reduced rates, beyond 2020. West of Shetland is now producing with a field life extending beyond 2030 and gas production, if it comes via Sullom voe could flow to 2040 and beyond.