MSP welcomes increase in oil and gas sales

North East MSP Christian Allard in front of a replica oil rig during a recent visit to RGU.
North East MSP Christian Allard in front of a replica oil rig during a recent visit to RGU.

North East MSP Christian Allard has welcomed new figures which show that total international sales from Scotland’s oil and gas supply chain grew to £10 billion in 2012-13.

These latest figures, which show a 22% increase in international sales on the previous year, come from the annual oil and gas survey of international activity which was published recently.

The new figures from Scottish Enterprise show that international activity now accounts for over half of total oil and gas supply chain sales from Scotland - at a record 50.2 per cent. By comparison, in 2002, the figure was 31 per cent.

The companies surveyed also forecast that total export sales would grow by 32 per cent and Scottish sales via international subsidiaries would grow by 29 per cent over the next five years.

The latest figures were announced by Fergus Ewing at the Offshore Technology Conference in Houston, Texas, where he is leading a trade delegation of 63 companies from Scotland working in the oil and gas services sector.

Welcoming the figures, Mr Allard said: “The oil and gas sector in the North East of Scotland is thriving. Scotland has established a global reputation within the sector and I am delighted that these latest figures show an increase in international sales.

“Additional growth in this sector will further benefit the North East – a region which is already established as the powerhouse of the country’s economy.

“These latest figures reveal that expertise and technological know-how from the North East continues to be in high demand across the world.”

David Rennie, head of oil and gas at Scottish Enterprise commented: “Scotland has built up a global reputation in oil & gas expertise over the past 40 years, and these latest results clearly indicate that our skills and expertise remain in growing demand across the globe.

“Helping our supply chain to develop opportunities in new markets is a key focus of Scotland’s industry-led oil & gas strategy, and our attendance at OTC this week is a further opportunity for us to showcase our strengths in this sector to the global marketplace.”