Offshore Europe generated an economic impact of £53.9million for Aberdeen’s economy, new figures show.
A report set to go to Aberdeen City Council’s Finance, Policy and Resources Committee shows last year’s bi-annual event had the second highest attendance record in its history despite the
global decline in oil price.
A total of 55,947 delegates were in attendance from more than 100 countries with 5,000 people attending the conference’s plenary session, 11 keynote sessions, 80 SPE technical paper presentations, topical lunches and breakfast briefings.
The report also shows more than 1,500 global organisations from 44 countries exhibited last year including 336 firms that exhibited for the first time.
Dawn Schultz, the report author, said Offshore Europe was “critical in asserting and building upon Aberdeen’s status as a Global Energy Hub and is therefore critical to the future health of the local economy.”
She added: “Trade development activities and the promotion of the skills, knowledge and expertise that exist in the city will support economic growth and increased employment opportunities.
“By improving the economic sustainability of Aberdeen’s industry sectors this guarantees the regions image as a viable investment opportunity.”
The report also showed the total cost to the city council for participating in Offshore Europe 2015 was £277,554.
Following partner contributions from Aberdeenshire Council, company income and sponsorship contributions Aberdeen City Council’s total spend was £80,000 spread across two consecutive years.
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