Industry’s Share Fair platform highlights new N. Sea commercial opportunities

oil-worker-training-skills-general-photo-scotentAn Oil & Gas UK procurement event in Aberdeen to highlight business opportunities available in the N. Sea attracted almost 700 people from across the supply chain, including operators, contractors and SMEs yesterday.

Delegates heard presentations from Aker Solutions Ltd, Amec Foster Wheeler, BP, Chevron North Sea, Nexen, and Total E&P while around 950 one to one sessions were conducted by 19 major purchaser companies.

Commenting, Deirdre Michie, Chief Executive, Oil & Gas UK, recognised how severely the supply chain has been impacted by the current downturn, but added: “Industry is moving in the right direction and becoming more competitive thanks to the efforts of companies across the whole sector.” 

Dominic Macklon, President UK, ConocoPhillips, said: “We know this has been a really tough downturn but governments have listened and brought in a competitive and stable tax regime in accordance with their “Driving Investment” roadmap and this wouldn’t have happened without operators and the supply chain working together to reduce costs.”

Terry Savage, Co-Chairman for Contractors on Oil & Gas UK’s board, added: “Ultimately we need to all play our part in creating a new, collaborative and cost challenging environment, that helps to stimulate the activity which the supply chain desperately needs. Not easy to do, but nevertheless vital for success.  

“The Efficiency Task Force is a key driver in promoting a culture of trust where operators and suppliers apply shared knowledge and expertise to unlock projects that are uneconomic in the current climate.”

Port of Ardersier
Port of Ardersier

Meanwhile, the former McDermitt oil and gas fabrication yard at Ardersier, near Inverness, has been sold to an undisclosed buyer for £5 million.

At its height, it employed more than 4,000 people, but closed as demand dropped. It was later sold to Port of Ardersier Ltd – which planned to assemble offshore wind turbines at the site – before it went into Administration last year.


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