Scotland’s North Sea expertise earning globally

In Energy Voice June 2018:

‘The chief executive of Ghana’s Petroleum Commission has said Aberdeen will play a “vital part” in the country’s upcoming “oil boom”. Ghana is set to award nine licensing rounds in the lead up to next April, with opportunities for “supermajors, contractors and service providers”. Ghana’s laws mean any company wishing to execute a contract in its upstream sector has to create a joint venture with an indigenous Ghanaian company, with the latter getting at least 10% equity.’

The value deriving from Scotland’s oil and gas expertise has been growing for some time now. On June 16th 2017, I was able to write:

‘It’s not just the oil and gas exports that make the money now. After decades of experience gained in the North Sea and in west of Shetland’s deeper stormier waters, Scotland now earns just over half of its income from international business supplying equipment and expertise across the globe. The survey producing the £11.4 billion figure was carried out by Aberdeen Chamber of Commerce for Scottish Enterprise and had responses from 295 companies employing 63 000 staff’:

Scotland’s oil and gas expertise earned £11.4 billion in 2015/2016 supported by Scottish Government investment

Now in 2019, 25th September, we read in Insider:

Bottom of Form

Aberdeen-based James Fisher Offshore has set up bases in Saudi Arabia and Dubai following a series of decommissioning project wins. The specialist offshore engineering provider has a pioneering ultra-high-pressure abrasive cutting solution that is in demand with the Middle East’s energy industry. The Middle East is a key market for JFO where the business is delivering efficiencies in some of the region’s decommissioning projects. There are an estimated 1,000 assets and over 3,000 wells set to exceed their operational life expectancy over the next 20 years.

https://www.insider.co.uk/news/aberdeen-engineering-firm-sets-up-20172135

Published by johnrobertson834

Retired Professor of Media Politics Not-for-profit independent political analysis

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