For oil and gas engineers working through Umbrella Services north of the border, lucrative times appear to be afoot.
As part of the Scottish Government’s Oil and Gas Strategy, which was developed in collaboration with industry experts, £10 million has been allocated to support innovation in the oil and gas sector. The huge injection of cash into an industry that relies heavily on contractors is likely to generate a surge in demand for Umbrella Company engineers with the right skills.
Interim managers can also expect to be headhunted, as the funding is designed to seed new projects to keep offshore assets running efficiently and safely. To this end, change management specialists will play a key role. Inspection and analysis of the integrity of the operations will also be a high priority.
Scottish Energy Minister Fergus Ewing said that Scotland’s oil and gas sector is world leader. He went on: “With more than half of the value of the North Sea’s oil and gas reserves yet to be extracted, up to 24 billion recoverable barrels with a potential wholesale value of £1.5 trillion, oil and gas will remain an enormous economic resource for decades to come.
Ewing added that the new funding “meets a real need.” The sector, he insisted, has a bright future and is “no stranger to innovation”, having taken enormous strides to secure Scotland’s place at the top of the global industry.
Industry spokesman David Rennie agreed with Mr Ewing’s sentiments, adding that the huge success of Scotland’s oil and gas sector has made a major contribution to the country’s prosperity. By increasing innovation with the new funding, he said, that success would continue.