OEUK news

Business opportunities unveiled at key supply chain event

2 November 2017

One of the newest contractors in the UK North Sea was among the companies that set out their stalls to potential suppliers at a major oil and gas industry event in Aberdeen yesterday (Wednesday, November 1).

WorleyParsons was one of 11 companies and organisations to present at Share Fair – an Oil & Gas UK event designed to shine a light on potential new business and diversification opportunities for the UK oil and gas supply chain.

Sponsored by Stork – a Fluor company, the Aberdeen Exhibition and Conference Centre event attracted around 500 delegates.

Just days after confirming it had completed its £228 million takeover of Amec Foster Wheeler’s North Sea assets, WorleyParsons revealed the range of business opportunities it has in the North Sea, and also where supply chain expertise developed here could be deployed in their projects around the world.

Creating greater value rather than focusing on lowest cost was a key theme from Bibby Offshore, which advised how supply chain companies should best engage in its tender processes to deliver services.

Total E&P UK’s presentation focused on three major activity areas:  the Central Graben Area, Northern North Sea and West of Shetland.

As part of its forward plans pitch, Apache set out the expertise and technologies it needs is seeking to mitigate the challenges around heavy oil.

Repsol Sinopec highlighted its need for innovative technology and services to maximise returns on its operations and for decommissioning.

Also presenting were the Oil & Gas Technology Centre and representatives from the nuclear, offshore renewables and railways sectors.

Ken Cruickshank, Supply Chain Manager of Oil & Gas UK, said: “It’s been another successful Share Fair bringing suppliers and major purchasing companies together in one place to discuss how they can collaborate on future projects.  Many potential new business opportunities for the supply chain were highlighted, including £48 billion that is expected to be invested in the railways over the coming years and 18 new offshore wind projects in the pipeline.  Our supply chain has developed world class expertise in oil and gas – there is significant opportunity to capitalise on that and diversify into new sectors.”



Notes to Editors:


Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected].

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

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