GROWTH REPORTED IN SCOTTISH BUSINESSES' OIL SUPPLY WORK - Aquaterra Energy

GROWTH REPORTED IN SCOTTISH BUSINESSES' OIL SUPPLY WORK

30/05/2014

Export sales from Scotland's oil and gas supply chain grew to £10bn in 2013, according to a recent study.

Investment agency Scottish Enterprise calculated that this represented an increase of 22 percent from the previous year, and indicated that more than half of work in this area resulted from overseas activity. The study surveyed companies which do not extract oil and gas, but support those which do. Scottish Enterprise found steady growth in the importance of international contracts; these had risen from 31 percent of sales in 2002 to 50.2 percent in 2013.

David Rennie, Head of Oil and Gas at Scottish Enterprise, said: "Scotland has built up a global reputation in oil and gas expertise over the past 40 years, and these latest results clearly indicate that our skills and expertise remain in growing demand across the globe.”

Eric Doyle, Regional Director – Europe at Aquaterra Energy, added: “Overseas activity secured by international contracts has helped the Scottish oil and gas supply chain build a strong global reputation.

“With offices in the heart of Aberdeen, Aquaterra Energy is proud to bring its services to clients across the world; including recently signing a four year drilling installation support services contract, with an initial order for centralisers, cement top-up systems and cutting and tensioning equipment, with leading Danish energy group, DONG energy.”