Statoil contributes $1.5 billion to UK Supply Chain

Contracts awarded by Statoil to the UK supply chain have surpassed $1.5 billion, Statoil Production UK’s Managing Director Gunnar Breivik confirmed Wednesday.

Speaking at the Oil and Gas Industry Conference in Aberdeen, Breivik revealed that all the largest contracts for the operational phase on the Statoil operated Mariner field, located on the East Shetland Platform of the UK North Sea, had been awarded to companies established in Aberdeen.

Addressing audience members at the Oil and Gas Industry Conference earlier, Breivik stated:

"In the tendering process for operational contract scopes we are pleased to experience excellent capacity and quality in the UK Supply chain. We also see a constructive response to the challenges we are all facing."

Although Breivik underlined that efforts to increase efficiency and reduce costs need to continue, he stressed the need to encourage young people seeking a career in the oil and gas sector.

"Internally, we have been very conscious of upholding recruitment of graduates and apprentices, because this is a long term industry that will need young and bright minds for many decades ahead. My perspective is that the people that will turn off the lights on Mariner are probably not born yet."

Statoil recently announced that up to 1,500 employees could be let go by the end of 2016, as part of the company’s plan to save $1.7 billion. Breivik told members of the Aberdeen conference that these internal changes "were painful but necessary".

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