A wave of new opportunities for the UK’s world class offshore energy supply chain will be created by upcoming oil and gas projects, according to new figures from the North Sea Transition Authority (NSTA).
Research has identified seven near-term projects which will require 30 new wells and 194 kilometres of pipeline. The core study also showed that vessel and rig owners will be especially in demand as their services will be needed for more than 5,000 “vessel days” and nearly 2,500 “rig days”.
Offshore work on most of those developments is expected to get under way this year or in 2024 – subject to robust net zero regulatory assessments being passed – which presents significant opportunities for operators and the supply chain to collaborate and take advantage of this visibility when planning for asset, workforce and infrastructure availability.
Source: NSTA.