New figures showing Scotland’s total oil and gas supply chain sales grew by 3% to reach a record £22.9 billion during 2014 – over half of which was delivered via international activity – have been published today.
Other highlights in the Survey of International Activity in the Oil & Gas Sector 2014/15 (published by Aberdeen Chamber of Commerce and Scottish Enterprise) include:
- Total international activity (exports and international subsidiary sales) grew by 9% to £12.2 billion
- International activity accounted for 53.4 per cent of total sales, up from 50.3 per cent in 2013
- The United States, Angola, Nigeria, Australia and Kazakhstan were the top markets for international activity, with the USA, Norway, UAE and Malaysia identified as being the top countries for growth opportunities in the immediate future
- Over the next five years, domestic and exports sales are forecast to grow by 4% and 12 per cent respectively
- Businesses representing more than 18,000 employees in Scotland responded to the survey for the report, and 87% of companies have ambitions to grow internationally in the next five years.
Aberdeen-based SMS Ltd is one supply-chain company that has put internationalisation at the top of its agenda and sees investing in key markets such as the Middle East and Asia as fundamental to its continued success and growth.
Alistair Moncur, development director at SMS said: “We recognise this year is going to be tough – survival is the new industry buzz word. That said, I strongly believe that the measures we’ve put in place together with our International Growth Plan will put us in a strong position when the industry picks back up.”
Scottish Energy Minister Fergus Ewing welcomed the results of the report and said: “While it is clear that the oil and gas industry faces ongoing challenges, this survey clearly shows the value of the Scottish supply chain and the strength of its global reputation.
“I am delighted that these latest figures show an increase in international sales, which are now shown to be worth £12.2 billion, with international activity accounting for 53.4%, up from 50.3% in 2013.
“Scotland’s refreshed Oil and Gas Strategy was published in February, and is focused on supporting the sector. The strategy offers a shared path for industry, governments and the Oil and Gas Authority to follow in working together to support the industry and its world class supply chain.
“The North Sea still holds significant potential. With industry estimates of up to 20 billion barrels of oil equivalent still to be recovered, Scotland will continue to remain a global oil and gas hub with a strong international reputation.”
DELIVERING MER: North Sea Issues & Conference Speakers: Aberdeen 14 April 2016
Dear Colleague,You are invited to attend a conference that we are holding in April at the University of Aberdeen at which we will consider the Issues in Delivering MER within the new environment in which the UKCS is now operating.
We are confident that we have created the very first conference of this kind, where a range of speakers from academia and industry will debate the major legal, organisational and technical issues, many of which have not yet been discussed or debated in sufficient detail, and are not yet common knowledge.
The conference will offer you significant opportunity to hear from key experts, network with fellow colleagues and get involved in the key areas of discussion.
Find out full details and register for the event here.
Upon registration we will send you out a full schedule.
Speaker: Paul Goodfellow, Shell
Session chair: Mark Whittet
13.30 – 14:05 Speaker 4
Speaker John Pearson
14:40 – 15:15 Speaker 6
16:15 – 17:15 Panel Discussion Q&A session
17:15 – 17:30 Close and depart