Demographics Report 2014

5.1 ComparativeTrendsof theCoreWorkforce Last year’s Demographics Report speculated that the level of core offshore personnel would plateau in 2013 if the previously observed correlation with the oil price held true; however, this has not been the case. Instead, therewas an increaseof 7.7per cent in thenumber of coreworkers last yearwhile the averageoil price droppedby2.7per cent ($3),which refutes theapparent correlationpreviouslyobserved.

1

2

Figure14: TheNumber of CorePersonnel TravellingOffshore between2006and2013Versus theOil Price

3

30,000

120

4

25,000

100

20,000

80

5

15,000

60

6

10,000

40

Oil Price / $per Barrel

CorePersonnel Oil Price /$

Number of CorePersonnel

5,000

20

7

0

0

2006 2007 2008 2009 2010 2011 2012 2013

8

Source: VantagePOB

Source: VantagePOB

page19