World-class in Oil & Gas

Introduction
The UK is uniquely positioned as a world-class partner for both upstream and downstream projects in the Oil & Gas industry.

UK companies have an outstanding reputation for innovation and manufacturing excellence, dating back to the industrial revolution. Cutting-edge firms can satisfy practically every aspect of the energy industry supply chain, both upstream and downstream, with innovative
world-class, fit-for-purpose solutions.

Upstream
Over the last 40 years, exploration and development of the hostile deep waters of the North Sea has created an unequalled range of products, services and expertise, which now play a major role in offshore and onshore hydrocarbon developments worldwide. UK companies are often partners of choice for challenging new developments in Oil & Gas prospects across the world.

UK firms have developed a vast range of subsea technology, novel offshore platform floating production systems, compelling software, environmental management and control systems, which are now utilised globally. Energy operators of all sizes exploit UK expertise for reservoir analysis and modelling, innovative downhole tools and techniques for drilling multilateral wells, e-enabled reservoir management systems, advanced communications, process control and measurement and support services.

UK firms have managed to extend the life of many oilfields that were previously considered only marginally economic, as well as developing deepwater reserves in hostile waters.

Downstream
There is also a wealth of groundbreaking technology downstream, covering every facet of UK-designed and developed gas transmission and low and medium pressure distribution technology, advanced metering services, control and instrumentation, network modelling, storage, transportation and allied systems.
UK manufacturers can provide virtually all the necessary technology from vast gas compressors and trenchless pipeline laying systems to the latest cogeneration plants and compressed natural gas vehicles.

UK firms are experienced at dealing with demanding national and international regulation, while also satisfying highly competitive commercial requirements.

Economic contribution
In 2006, the total employment provided by the Oil & Gas sector in the UK was estimated to have risen to 480,000, of which 380,000 were involved in domestic production; they comprised 30,000 people in Oil & Gas companies and major contractors, 260,000 within the wider supply chain and 90,000 supported by economic activity induced by Oil & Gas employees’ spending throughout the economy. Up to an additional 100,000 people are employed in export activities by supply chain companies.

On average, 27 per cent of the Oil & Gas supply chain’s sales in 2005 were to overseas markets, amounting to
£4 billion worth of activity; particular sub-sectors like subsea export as much as 50 per cent of their products and services.
 

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