A REVIEW into the UK's oil and gas resource will be launched next week.

Enegy Secretary Ed Davey; Sir Ian Wood, former chairman of oil services firm Wood Group; and Malcolm Webb, chief executive of Oil & Gas UK, will attend the launch on Monday.

The review will look at "maximising the economic benefits of offshore oil and gas production, for energy security, jobs, tax revenue and growth," the Department for Energy said.

Last month, Mr Davey said "oil and gas will remain a vital part of the UK's energy mix for decades to come".

On a visit to Aberdeen, he published a document that aimed to encourage investment, boost supply chains and promote exports. Mr Davey also claimed North Sea oil and gas would only "deliver what is required" if Scotland was part of the UK, which he said could absorb shocks in energy markets.

The SNP pointed out how the Coalition had previously dismissed Alex Salmond's claims of a second oil boom.