Oil and gas
It is estimated that up to 20bn boe could be produced owing to some frontier areas, new explorations and maximising brownfield recovery.
Rich and diverse environment
The UK supply chain excels at technical, operational, commercial and contractual innovation.
Government and industry support
The Department for International Trade (DIT) helps UK-based companies succeed in the global economy whilst also helping overseas companies bring their high-quality investment to the UK’s dynamic economy.
The UK government is backing plans for a multi-million-pound underwater engineering hub in Aberdeen to build on expertise in subsea robotics, remotely-operated underwater vehicles and maritime support vessels.
£12.3bn of goods and services were exported from the UK oil and gas supply chain in 2016, significantly contributing to the UK’s balance of payments.
Commitment to expansion
DIT is committed to helping UK supply chain companies across the whole of the oil & gas industry to double their global market share by 2035 (from 3.7% to 7.4%).