OEUK news

Key report signals positive industry mood but highlights need for continued investment

28 November 2018

Oil & Gas UK has said it is encouraged by the latest Oil and Gas Survey issued by Aberdeen and Grampian Chamber of Commerce today, which reveals industry recruitment is on the rise as 33 per cent of firms look to increase their UK workforce by 10 per cent or more in 2019.

The leading representative body for the sector highlighted the need for the industry to continue to persevere to maintain its attractiveness as the report also highlights a potential skills gap.

Commenting on the findings, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“We do now see a more positive mood in the sector, with more projects approved this year than in the last three years combined.

 “However, as we continue to emerge from one of the toughest downturns in our history, industry remains focused on maintaining its attractiveness in a competitive global market.

 “As the report shows, the UK offshore oil and gas industry will continue to support highly-skilled roles for many years to come. Our strategy under Vision 2035 aims to add a generation of productive life to the basin, whilst doubling the supply chain’s global footprint.

“To achieve this, we need to continue to attract investment by ensuring strong competitive conditions for the basin, whilst expanding our reach through transporting the industry’s vast range of skills and talent across the globe.”

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