The Chamber’s 28th Oil and Gas Survey, conducted in partnership with the Fraser of Allander Institute and KPMG, reveals that trends in E&P activity values have reached the highest levels since 2014 and the gap between UKCS and international market confidence has closed for first time in five years.
- UKCS contractor investment now outweighing cost reductions
- Almost three quarters of firms forecasting profit increases in 2018
- Seven in 10 contractors optimistic the upward trend will continue over the next 12 months
Download the full report • here