UKCS Offshore Workforce Demographics Report 2013

UKCS OFFSHORE WORKFORCE DEMOGRAPHICS REPORT 2013

Last year’s report plotted for the first time the total number of workers travelling offshore against the oil price, which showed a correlation between the number of personnel and oil price with a time lag of one year. The same correlation can be seen in Figure 4 below for 2012. If this trend is to continue, we would expect to see a plateau in the number of personnel in 2013. However, increasing levels of investment and activity on the UKCS 2 mean the industry may in fact see a further increase in the number of personnel as new or rescheduled projects start. Next year’s figures should therefore give an indication as to the veracity of the correlation seen so far.

Figure 4: The Total Number of Personnel Travelling Offshore between 2006 and 2012, Plotted Alongside the Average Oil Price ($)

60,000

200

58,000

180

56,000

160

54,000

140

52,000

120

50,000

100

48,000

80

Number of Personnel

46,000

60

Total Number of Personnel

Average Oil Price per $ per Barrel

44,000

40

Oil Price / $

42,000

20

40,000

0

2006

2007

2008

2009 Years

2010

2011

2012

2 Oil & Gas UK’s Activity Survey 2013 is available to download at: http://www.oilandgasuk.co.uk/forecasts.cfm

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