Oil and Gas Thrives in UK, But Faces Possible Labor Shortfall

摘要

According to U.K. government statistics, oil and gas is one of the largest investors among U.K. industrial sectors, supporting about 450,000 jobs across the U.K. economy, with an estimated annual turnover of ￡16 billion. Exploration and recovery of oil and gas reserves in the North Sea have created demand in the U.K. for new subsea engineering solutions to help address the challenges of safe and reliable performance in increasingly hostile and complex deepwater production projects. The experience gained from U.K. projects will enable the industry to support a vital export market by meeting similar demand in other parts of the world. The U.K. oil and gas export business is estimated at more than ￡5 billion a year.