The Chamber’s 27th Oil and Gas Survey, conducted in partnership with the Fraser of Allander Institute and KPMG, reveals that 49% of contractors surveyed are more optimistic about their activities in the current year, up from 38% since the spring survey.
- First time since 2013 half of contractors more confident about UKCS activity
- 60% of firms believe the sector has reached the bottom of its current cycle
- Salary cuts fall and employment improves with 30% increasing employment in the last 12 months
Download the full report • here