New research results have just been published highly relevant to our current series of blog posts on the future of North Sea Oil and Gas.
Conducted by Aberdeen & Grampian Chamber of Commerce, in partnership with the prestigious Fraser of Allander Institute, the 25th Oil and Gas Survey concluded that the crisis affecting the sector may be reaching a turning point. The majority of companies surveyed stated that the sector had reached ‘rock bottom’ and that the rate of job cuts would slow considerably.
The two key headline conclusions of the survey, based on the views of 130 businesses employing 308,000 people, were as follows:
The report also concluded that companies in the sector are striving to become fitter, leaner and working hard to secure the future of North Sea Oil and Gas.
The survey was carried out in September of this year.