UKCSOFFSHOREWORKFORCEDEMOGRAPHICSREPORT2014
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In previous years there appeared to be a correlation between the number of personnel working offshore
and the oil price, with a time lag of one year (see Figure 5 below). If this trend was to continue, we would
have seenaplateau in thenumberof personnel in2013.However, thenumberof offshoreworkershas continued
to increase,while theaverageoilpricesatat$109 (adecreaseof$3perbarrel from2012), thereforedisconnecting
theapparent correlationbetweenoffshorepersonnel and theoil price.
Figure5: TheTotal Number of Personnel TravellingOffshorebetween2006and2013
Versus theAverageOil Price
0
20
40
60
80
100
120
140
160
180
200
42,00
0
44,000
46,000
48,000
50,000
52,000
54,000
56,000
58,000
60,000
62,000
64,000
2006 2007 2008 2009 2010 2011 2012 2013
AverageOil Priceper $per Barrel
Number of Personnel
Total Numberof Personnel
Oil Price /$
Source: VantagePOB
Source: VantagePOB
