New developments, exciting opportunities and increasing optimism dominated Oil & Gas UK’s Share Fair today where major buyer companies highlighted the wave of UK North Sea opportunities to companies keen to understand the growing market for their expertise, products and services.
More than 550 people from industry attended to hear presentations from major companies on their forward plans in greater detail highlighting some of the £15 billion the industry will be spending on exploring for new resources, developing them, operating existing assets and decommissioning.
Innovative changes to Oil & Gas UK’s popular 1-2-1 sessions meant the suppliers were matched to major buyers based on how best they could meet challenges.
John McColl, Oil & Gas UK’s supply chain manager, said:
“Innovative thinking has come under the spotlight throughout the day with many companies demonstrating a readiness to consider new ideas including in our Innovation Forum. Share Fair provides suppliers with a valuable opportunity to gather feedback on their enterprising solutions.
“Many of the major purchasers at the event today highlighted opportunities at home, abroad and in other sectors for our world-class supply chain. This is key to industry’s Vision 2035 and expanding supply chain growth.
“It’s been a great day for building the supply chain the industry needs to meet the challenges of the future.”
Wood highlighted innovation, digitalisation and data-centric solutions, encouraging companies to register on their supplier list to help them deliver major international projects. As a thought leadership provider, the Advanced Forming Research Centre & High Value Manufacturing Catapult outlined its role in influencing and informing more than 140 strategic forums in different industrial sectors.
Chrysaor focused on four challenges for which supply chain solutions are being sought including flow lines from marginal wells, maintenance optimisation, late-life compression projects and corrosion under pipe support while also highlighting future investment in the UKCS and Norway.
West of Shetland is set to be a hive of activity with both BP and Total E&P highlighting future work in this frontier area. Renewal, increasing production efficiency and a renewed commitment to the UK North Sea featured in BP’s presentation which emphasized the need to find suppliers with new and nimble ways to deliver projects such as subsea tie-backs and well intervention cost-effectively.
Alongside plans to continue activities in west of Shetland, where it is exploring options for its Glendronach discovery, Total outlined maintenance, repair and upgrade opportunities for its assets in the Northern North Sea as well as in
Reflecting the industry’s increasingly collaborative mindset, Independent Oil and Gas combined with major contractor, ODE Asset Management, to deliver a joint presentation looking at progress on its Vulcan and Blythe assets as well as opportunities for the supply chain in asset management.
A variety of workscopes throughout the full lifecyle of offshore assets characterised WorleyParson’s presentation. They are looking for supply chain support to help them with projects they are working on with BP, Shell and Chevron. Potential contracts in the portfolio include some engineering procurement and construction work in areas including Clair Ridge.
In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force launched e series of new case studies at Share Fair, providing delegates with an insight into the tools and guidance available to optimise supply chain resilience and growth.