UKCS Offshore Workforce Demographics Report 2013

UKCS OFFSHORE WORKFORCE DEMOGRAPHICS REPORT 2013

5.1 Comparative Trends of the Core Workforce The change in the number of core workers has been plotted alongside a range of different metrics in figures 13 to 17 below to identify any notable correlations or trends. The number of core personnel, like the total workforce (see section 4), correlates with the oil price with a lag of one year (see figure 13 below). The red dotted projection line (based on historical data) forecasts an increase in the number of core personnel over the next two years. The actual figure for 2012 is already slightly higher than the line of projection but, if the correlation between the number of personnel and the oil price holds true, we would expect to see numbers plateau next year.

Figure 13: The Number of Core Personnel Travelling Offshore between 2006 and 2012, with Projected Figures to 2014, Plotted Alongside the Oil Price ($)

200

30,000

180

25,000

160

140

20,000

120

15,000

100

80

10,000

60

Oil Price per $ per Barrel

Number of Core Personnel

40

5,000

20

0

0

2006

2007

2008

2009

2010 Years

2011

2012

2013

2014

Core Workers

Oil Price / $

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