Job prospects in subsea industry
The industry body which represents over 250 companies across the UK has revealed that 10,000 jobs could be created in the sector in the next 12 months.
The British subsea industry which generates £6bn in revenues and already supports around 50,000 jobs is expected to grow by 40% in the next two years, capturing over a third of the current global subsea oil and gas market worth £20bn.
Extracting the remaining world's reserves will increasingly fall to the subsea industry - already almost 45% of UKCS production comes from subsea wells with new developments soon to take this up to 70%. Subsea is therefore of vital importance to the security of the world's energy supply.
Approximately one third of the total revenue generated by the sector is centred on manufacturing and £3.3bn is directly attributed to export sales.
Although the UK subsea sector is centred on Aberdeen, there is significant capability down in Southern England as well. For more information on Subsea UK, visit:
http://www.subseauk.org/
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