OEUK’s Supply Chain report 2023 provides a detailed analysis of what must be done by both industry and government to ensure the UK builds a competitive offshore energy supply chain with the capability and capacity to deliver a net-zero future.
The report outlines the extent of the UK offshore supply chain which comprises the hundreds of firms that have underpinned energy security for decades by providing products and services operators require to run North Sea oil and gas installations. It reassesses the sector in light of the UK’s integrating offshore energies industry, as companies diversify into offshore wind, carbon capture and storage and hydrogen production.
Based on two major surveys including the Working as One and Supply Chain Sentiment survey, the report highlights the factors undermining business confidence and focuses on initiatives underway to address priority areas including improvement of contracting behaviours.
The report includes what government support is needed to ensure the UK can build a UK-based all-energy supply chain which services the oil and gas sector and supports the shift to low-carbon energy.
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