Petroplan can report that a survey of over 100 companies commissioned by the Bank of Scotland found that, within the next two years, oil and gas companies are expected to create up to 39,000 new jobs within the oil and gas industry in the UK.
With results taken from a broad cross section of industry organisations, the Bank’s third annual oil and gas report revealed that nearly 70% of UK companies surveyed were extremely optimistic about their potential for growth in 2014/15.
Bank of Scotland Commercial Area Director Stuart White said: “The findings of this report are excellent news for the economy, demonstrating the employment-generating nature of the oil and gas industry now and in the future.”
“With most of the UK’s oil and gas firms clustered in Aberdeen and the north-east, Scotland should reap the largest share of these new jobs; however other parts of the UK will benefit from expansion plans”.
The oil and gas industry is not only set for growth within the UK; research by CDRC Continental – the UKs largest research consultancy – suggests that oil and gas companies are planning international growth as well. They found that 64% of companies feel they should prioritise expansion in-to international markets; with Africa, North America and the Middle East being the areas with most potential for growth.
These results are up 5% on those taken from last year’s survey. The increase in oil and gas companies looking to expand in to international markets will have a positive effect on the global economy, generating a large number of new job opportunities for those within the industry.
The survey also found that 46% of oil and gas companies were already planning their expansion into foreign markets. Petroplan will soon be expanding our strategic office network further in to the international market. We will be opening a new office to better serve our clients and grow in to a market that we already have years experience in. Keep an eye on the blog for more details.