Oil and gas sales up a fifth according to report

International sales from companies serving the oil and gas sector grew by more than a fifth, according to a report

Danny Lawson/PA Wire A North Sea oil rig
A North Sea oil rig

International sales from companies serving the oil and gas sector grew by more than a fifth to reach £10bn in 2012-13, a new report revealed.

Overseas sales from companies providing goods and services to the sector increased by 22%, according to new figures from Scottish Enterprise.

Meanwhile total oil and gas supply chain sales from Scotland amounted to £19.9bn in 2012-13, a rise of 15.4% on the previous year. That meant that international deals accounted for just over half (50.2%) of all sales from the sector, up from 47.6% in 2011-12.

Energy Minister Fergus Ewing announced the new figures at the Offshore Technology Conference in Houston, Texas, where he is heading up a delegation of more than 60 Scottish oil and gas services companies.

He said: “Scotland has established a global reputation within the oil and gas sector and I am delighted that these latest figures show an increase in international sales, which now account for more than 50% of total sales.

“The value of this activity to the economy and exchequer is substantial. International sales by Scotland’s oil and gas supply chain rose by 22% in 2012-13, to £10bn.”

The figures are contained in the first international oil and gas survey, which was undertaken by Scottish Enterprise together with Aberdeen and Grampian Chamber of Commerce.

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