UK's Cygnus Project to Support 4,800 Skilled Jobs during Build Phase
The Cygnus gas project in the southern North Sea will add approximately GBP 1.3 billion to the UK economy and support more than 4,820 skilled jobs during its five-year construction phase, according to a new report from economics consultancy Oxford Economics.
The report, published Wednesday, shows that economic benefits will be felt across the UK, particularly throughout Scotland and the northeast of England – where 19,000 tons of offshore infrastructure is being built at yards in Hartlepool, Fife and the Highlands.
In Scotland – where one platform and the bases for all four platforms are being built – GBP 323 million will be generated in the economy, securing 1,450 jobs that include 15 apprenticeships at yards in Fife.
Across the northeast coast of England the project will bring nearly GBP 90 million and secure more than 400 jobs, including in Hartlepool. Three platforms for Cygnus are being built in Hartlepool.
The investment in offshore operations for Cygnus, including transporting and installing the infrastructure for the field and bringing it into production, will bring nearly GBP 225 million to the UK economy and support nearly 300 jobs. Elsewhere across the UK, the spending of people employed by the Cygnus partners and contractors is estimated to support 1,540 jobs – adding GBP 316 million to the country’s economy.
Oxford Economics CEO Adrian Cooper commented in a statement:
"The Cygnus North Sea project is already supporting valuable income and employment opportunities in the North East, in Scotland and throughout the UK, even though the gas production process itself has yet to start. The benefits are being felt not just by those directly involved in the design and build of the required infrastructure, but also by suppliers of goods and services of all kinds to those contractors in turn."
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