UK Oil and Gas industry remains confident
The latest Oil & Gas UK report on business confidence has revealed great news for those contractors working in sector, showing that the industry remains optimistic.
According to the recent survey, the UK oil and gas industry has remained positive in the
first quarter of 2013. The results have stayed at 60 on a 100-point scale index, which is unchanged from the last quarter of 2012.
Key findings were that the drilling and well services fell by just one point (from 61 to 60), facilities engineering, operations and maintenance rose by three points (from 61 to 64) and marine and subsea increased by one point (from 61 to 62).
Oonagh Werngren, Oil & Gas UK’s operations director, said, “Both operators and contractors have indicated continuing confidence in future activity, although the survey shows optimism among contractors is higher than the operators.
“This suggests that the contractors are benefiting from the record investment in the UK continental shelf which has led to increased demand for their services and equipment. Many contractor companies also report that they intend to increase training and research and development spend to underpin the increasing activity they are supporting.”
Please visit our Contractor News hub for all other news.