Latest: Supply chain sales increase for oil and gas

Published: 18 Jul 2013 09:30

SCOTLAND'S oil and gas industry saw an increase in supply chain sales of 5.8 per cent in 2011/12 to £17.2 billion against its 2020 target of £30 billion, with an increase in direct international sales of 8.4 per cent to £8.2 billion, according to a new document published last month outlining the Scottish Government, industry and public sector's progress in supporting the sector.

It also saw £2.7 million in innovation funding from Scottish Enterprise (SE) as part of a total planned investment of £8.9 million, with one of the recipients being Edinburgh based Hydrafact Limited, a provider of independent consulting and technical services to the upstream oil and gas industry which landed £100,000 through SE's SMART Feasibility Scheme.

The report, which was published to coincide with the first anniversary of Scotland's Oil & Gas Strategy, a programme that's being delivered by industry, Scottish Government, public sector partners and the Oil & Gas Industry Leadership Group (ILG), also shows SE's increased engagement with more than 40 companies in addition to the current 223 recruited to its account management process in the last year to help achieve their growth ambitions.

Other milestones reported were helping more than 200 companies with international activity leading to expected export sales of over £800 million over a three-year period and support for transition training by Subsea UK and OPITO to help people gain the right skills to move into the oil and gas industry from other sectors.

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