Business Outlook 2018
4.1 Financial Performance
1
Figure 7 shows how revenues fell across each sector of the supply chain in 2016 – the most recent year for which firm data is available – by a total of 15 per cent to £30.2 billion.
Although 2017 was viewed by many as the beginning of the recovery for the upstream sector, there is a lag in this translating into revenues across the supply chain. While a survey of Oil & Gas UK members indicates that around one-third of companies reported an increase, total revenues are likely to have fallen again in 2017, albeit to a lesser extent than in previous years.
2
3
Figure 7: Supply Chain Revenue by Sector
45
Potential Upside on Forecast Total Forecast Reservoirs Support and Services Wells Services Marine and Subsea Facilities
4
40
35
5
30
25
6
20
15
7
10
Turnover (£ Billion - 2017 Money)
5
8
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
Source: EY
9
10
11
17
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