Enterprising new entrants to the UK North Sea sector will be joining supermajors and large contractor companies at Oil & Gas UK’s Share Fair in Aberdeen to highlight a rising number of supply chain opportunities on October 31.
Matt Abraham, Oil & Gas UK’s supply chain director, said:
“Looking at the year ahead, industry expects to spend more than £15 billion on exploring for new resources, developing them, operating existing assets and decommissioning with Share Fair providing the ideal place to hear about these in more detail.
Investors are recognising the sector’s ability to effectively manage costs and deliver operations efficiently. More independent operators are entering the basin, introducing some innovative business models and helping to breathe new life into the UK Continental Shelf (UKCS). We’re building on this by promoting early focused engagement between suppliers and potential clients which is key to helping a competitive and competent supply chain develop.”
2018 sees a higher number and broader spectrum of companies ready to share information about future business opportunities via presentations or pre-booked 1-to-1 engagement sessions. These include new companies Chrysaor, Independent Oil & Gas (IOG) and Spirit Energy together with Apache North Sea, BP, Chevron Upstream Europe, ConocoPhillips, Craig International, Halliburton, Nexen Petroleum UK, Shell Upstream International, Subsea 7, Total E&P UK and Worley Parsons.
Phil Kirk, chief executive, Chrysaor, said:
“Chrysaor recognises the value that can be generated by collaborating with our supply chain. We see the Oil & Gas UK Share Fair as one of the ways we can bring new technology, innovation and fresh ideas to our future business plans.”
For the first time, suppliers booking a 1-to-1 slot at this year’s Share Fair will gain advance access to detailed information about companies’ future requirements for goods, works and services. This is intended to add greater value to the conversations that both parties will have at Share Fair in support of the shared aim of unlocking the full potential of the UKCS.
Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information is available on the website.