Supply chain companies looking to break into the lucrative oil and gas markets can gain first-hand knowledge of the sector at a special event next week.
NOF Energy, the business development organisation for oil, gas, nuclear and offshore renewable sectors, is hosting an industry workshop in Durham.
It will be conducted by energy business advisors Douglas-Westwood and will offer an overview of the activities involved in exploration and production, including: drilling, refining, field development, and decommissioning.
Following years of decline the oil and gas sector is experiencing a period of record growth, which will require an expanded supply chain, opening up opportunities for new entrants.
The workshop will be delivered by industry specialist Dmitry Dovgan, an analyst at Douglas-Westwood.
Founded in 1990, Douglas-Westwood specialise in analysing and predicting growth in oil and gas markets and have completed commercial diligence exercises leading to in excess of $20bn in financing in the oilfield services and equipment markets.
Dovgan said: “The oil and gas industry is entering a significant period of growth, which will require an expanded supply chain to meet the increased requirements of the sector.
“This will present considerable opportunities for companies that may have transferrable skills or products. This workshop will enable them to gauge the opportunities and increase their knowledge of the industry.”
Joanne Leng MBE, deputy chief executive of NOF Energy, added “Businesses interested in the oil and gas sector will benefit from the depth of knowledge possessed by Douglas-Westwood.
“Having an understanding of a sector is essential for businesses looking to break into a new market and this event, along with the support of an organisation like NOF Energy, will make a real difference to their business development ambitions”.
The event will take place next Tuesday, November 12, at The Durham Centre in Belmont Industrial Estate, Durham. For further information contact NOF Energy, telephone number: 0191 384 6464.