February 7, 2018

Welcoming EY’s UK oil field services report, which shows the sector gearing up for growth but still dependent on industry maintaining its focus on achieving further recovery in 2018, Oil & Gas UK’s chief executive Deirdre Michie, said:

“Companies in the oil field services sector have proved their ability to drive up both operational and capital efficiency making them stronger and more sustainable businesses. The companies that have responded to the challenges of recent years have become more competitive and are well positioned for growth as we see greater optimism return to the industry. Looking ahead, the key priority will be to safely build on current efficiency improvements to ensure the long- term future for the UKCS”.

The report is available here 

Ends

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.