Today’s worldwide oil and gas industry faces a number of challenges. Price fluctuations have affected planning and stability, new oil and gas reservoirs are harder to reach and more difficult to produce, and environmental concerns demand cleaner and more efficient extraction and use of oil and gas.
With its world-class scientific and engineering expertise, innovative and adaptable products and services, and combined with a highly-skilled workforce, UK oil and gas is leading the way in meeting these challenges.
Over the past 50 years, the industry has built up an unparalleled depth of knowledge, underpinned by academic, engineering and professional excellence. 45% of the global oil and gas market share is held by the UK in subsea technologies, while a world-class supply chain drives an innovative outlook at home and abroad. The annual turnover of the UK’s oil and gas supply chain reaches over £40 billion.
For UK oil and gas businesses, be them startups, SMEs or world-leading multinational corporations, their earned and proven international reputation as trusted and valuable partners, has inspired a vision to pursue global projects and work with international partners.
5 reasons UK exporters want to partner with international companies:
1) World-leading expertise in off-shore oil and gas production makes for a knowledgeable, lean and productive partner.
The home of cutting-edge subsea, geophysical and drilling technology, the UK has extracted over 43 billion barrels of oil equivalent since 1967 and has an estimated 22 billion barrels of oil equivalent untapped oil and gas reserves.
2) Commercial, digital and collaborative expertise makes for a great international partner
The UK’s financial and commercial acumen, and industry-wide initiatives have led to improved performance, standards and efficiency gains to create a sustainable industry at a low oil price.
3) World-Class Supply Chain
The UK is a world leader in the supply of subsea technologies and solutions, providing engineering, equipment and service expertise to companies around the world. We hold 45% of the global market share, with exports reaching £4.2 billion in 2014, increasing each year.
4) Advocates for environmental standards
It’s not just in extraction and commercialisation where the UK lead the charge. Engineering skills and robust advances in standards have required the UK to pivot and innovate to ensure environmental upkeep. 50 years of experience in the North Sea has led to first-class engineering skills in decommissioning oil platforms and extraction rigs providing a competitive edge in a valuable emerging market.
5) Commercial help and support
The Department for International Trade assists UK companies to export their goods and services to the Australasian oil and gas market, and assists Australasian oil and gas companies to expand internationally to the UK.
To find out more about UK innovation in oil and gas and meet UK exporters seeking to partner with companies like yours, I encourage you to visit the Scottish Development International stand G2 at the AOG 2018. Scottish Development International will also hold their annual Whisky Tasting at 2pm on Wednesday.
Other UK companies are also showcasing independently during the conference including: Subsea UK, Rotech and STATS Group at Stand B19; MSCM at Stand B20; BAE Systems at Stand G20 and Lonestar at Stand J5.
To partner with world-leading UK innovators and exporters, contact Andrew Beveridge (Andrew.email@example.com) or Linda Miles (Linda.Miles@mobile.trade.gov.uk) and discover international opportunities for business growth during the AOG 2018.
By Andrew Beveridge, Senior Trade Development Manager Oil and Gas, Department for International Trade.
For more information on AOG please go to: https://aogexpo.com.au/