Scotland's Oil Skills, Experience In Demand Across Globe

Scotland's Oil Skills, Experience In Demand Across Globe
There was continued strong demand across the globe for Scotland's oil skills, experience and expertise during 2015/16.

There was continued strong demand across the globe for Scotland’s oil skills, experience and expertise during 2015/16, Scottish Enterprise’s annual survey of international activity in the oil and gas sector showed.

International activity from Scotland’s oil and gas supply chain accounted for just over half of its total sales during 2015/16, at 50.9 percent. The sector delivered $14.5 billion (GBP 11.4 billion) of international sales, made up of $5.2 billion (GBP 4.1 billion) of direct exports and $9.3 billion (GBP 7.3 billion) of sales via international subsidiaries.

“As we look to grow Scotland’s oil and gas sector, supporting international activity remains a key focus for us,” Head of Oil and Gas at Scottish Enterprise, David Rennie, said in an organization statement.

Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse, said the report shows that the Scottish supply chain is maintaining its strength. 

“With up to 20 billion barrels of oil equivalent estimated to remain in the North Sea basin, Scotland's oil and gas industry has a bright future for decades to come,” Wheelhouse said in a government statement.

According to the survey, the United States, Norway, Netherlands, Australia and Canada were the top five markets for international activity during 2015. Looking ahead, the United States, Norway and the United Arab Emirates remain the top three countries for growth opportunities in the immediate future and over the next five years.

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