OPPORTUNITY NORTH EAST – Oil, Gas & Energy
Maximising economic recovery of oil and gas from the UKCS is a key objective of the UK and Scottish governments and provides an opportunity for North East Scotland to be a long term global centre of excellence for oil and gas operations and technology development.
Oil and Gas UK’s industry Vision 2035 continues to set the challenge to double the UK oil and gas sector supply chain’s share of the global oilfield market to 7.4%. A range of diversified markets including the decommissioning market present significant opportunities; alongside a reduced forecast UK decommissioning spend of £15.3 billion over the next decade, the overseas opportunity is around £60 billion overseas to 2029.
The move to a low carbon economy is gathering pace – the region has already significant investments in offshore renewables projects – both floating and fixed wind – as well as lead role in hydrogen buses and hydrogen powered energy centre at TECA. Many subsea related supply chain companies are already engaging in the transition to a lower carbon energy economy; diversifying into offshore wind developments including the 3,700 MW of planned offshore wind developments off Eastern Scotland. Both Scottish and UK Government recognise CCUS (carbon capture, utilisation and storage) and hydrogen generation schemes as means to meet climate change obligations.
Companies are also starting to recognise the efficiencies and competitive advantage to be gained by adopting digital technology to support their businesses and develop new service lines.
Working closely with industry bodies and drawing upon the extensive experience that has been gained from the UKCS over the last 40 years, the ONE Oil, Gas & Energy sector board priorities are to:
- Play a major role within the energy transition – building on our regional competitive advantage in the energy industry – and particularly in offshore wind, carbon capture and utilisation and storage (CCUS) and hydrogen
- Anchor the supply chain, with its high-value employment and breadth of skills and expertise I the region for the long-term through internationalisation, diversification and decommissioning, with focus on the region’s subsea industry
- Accelerate digital transformation within the supply chain to enhance competitiveness and productivity through supporting their adoption of digital technology.
Core to establishing Aberdeen as a globally recognised technology base is The Oil & Gas Technology Centre (The OGTC). ONE took the lead in developing The OGTC from concept through to full business case within the Aberdeen City Region Deal framework, in partnership with Scottish Enterprise, universities, councils and governments. The OGTC was established as a standalone entity in September 2016, with the aim of creating a global centre of technology development and knowledge in mature basin technology and decommissioning, and in establishing oil and gas as a long-term industry in the region post the North Sea.
ONE’s oil and gas sector board comprises:
Trevor Garlick OBE
Dave Blackwood CBE
Dr Melfort Campbell OBE
chair of Industry Leadership Group & IMES Group
The Oil & gas technology centre
Professor Paul de Leeuw
Robert Gordon University Oil & Gas Institute
North East Scotland College
Oil & Gas Authority
University of Aberdeen
Oil & Gas UK
Our ambition is that north east Scotland remains a major economic driver for Scotland and the UK