OGIC to Generate More Than 500 Oil, Gas Jobs in Scotland Over Next 6 Years



OGIC to Generate More Than 500 Oil, Gas Jobs in Scotland Over Next 6 Years
More than 500 oil and gas industry jobs will be sustained or created in Scotland over the next 6 years as a direct result of OGIC's support for research and development.

More than 500 oil and gas industry jobs will be sustained or created in Scotland over the next six years as a direct result of the Oil & Gas Innovation Centre’s (OGIC) support for research and development, according to a new economic evaluation report by Optimat.

The report examined the impact of 61 OGIC funded projects, interviewing more than 50 companies to determine actual and forecast turnover, as well as the number of confirmed and expected jobs to be created as a result.

Examples of the types of roles that will be generated include technician, manufacturing and maintenance jobs, according to an OGIC spokesperson.

“This report provides strong evidence of the positive impact OGIC is having on the industry, on Scotland and the UK, demonstrating what can be achieved by targeted intervention and funding,” Ian Phillips, chief executive of OGIC, said in an organization statement.

“As many of the companies we support are still in the early stages of technology development, the findings represent both actual and forecast figures to give an assessment of current and future impact,” he added.

“Even allowing for some inevitable entrepreneurial optimism in the forecasting, we are confident in the findings which were developed by Optimat using long established standard evaluation techniques to calculate economic impact,” Phillips continued.

OGIC aims to support 45 new projects by the end of 2018 in a bid to help maximize economic recovery and unlock the full potential of the industry, both in the UK and overseas.

Launched in 2014, OGIC was formed to foster, encourage and fund technology innovation in the oil and gas sector. The organization supports and facilitates industry-led projects to address exploration, production and decommissioning challenges.



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