Oil and gas engineers working through umbrella companies or limited companies could well benefit from a major new drilling project in the North Sea, as oil leviathan BP seals a multi-million pound deal with a giant offshore engineering company Subsea 7.
The new Subsea 7 initiative, based in Wick, will build new pipelines at the immense Clair Ridge drilling project, which is located at the point just off the Shetland Islands where the North Sea and Atlantic Ocean rub nautical shoulders with each other. The deal represents Phase Two of the Clair project, part of a massive £10 billion investment by oil giants BP, Shell, Chevron and ConocoPhillips.
The investment is expected to yield upwards of 3,000 gas and oil supply jobs, including many for PAYE umbrella contractors specialising in the industry. The latest contract will see the installation of nearly nine miles of new gas pipeline and is worth a weighty £63 million.
Michael Moore, the Scottish Secretary, said “This major contract underlines the confidence of the oil and gas sector and world-leading engineering firms with bases in Scotland. The construction of the pipeline is an essential step in opening up the considerable potential of the west-of-Shetland field.”
“The contract award to Subsea 7 is just the latest piece of good news for the UK’s oil and gas sector and its supply chain in Scotland. I welcome the investment by BP and the jobs and expertise which will be secured in the Wick facility as a result.”
Subsea 7’s UK Vice President, Steph McNeill, added “We look forward to helping bring on-stream the Clair Ridge project in an efficient, timely and safe manner.”