OIL and Gas UK will present its 2010 activity survey at the offshore industry body’s first breakfast briefing of the year on Thursday, February 25, in the Aberdeen Exhibition and Conference Centre.
Speakers will assess the state of Britain’s offshore oil and gas industry after a turbulent year in which the industry had to respond to economic constraints such as banking restrictions on capital, low oil and gas prices and challenges of a maturing UK continental shelf.
They will examine industry prospects for 2010 and consider how changes to the tax regime will affect offshore activity.
One of two speakers at the event, Mike Tholen, OGUK’s economics director, said: “The activity survey will examine how successful companies have been at reining in costs and improving productivity in the face of a turbulent year for commodity prices. We will also assess the impact on investment and security of supply for the UK economy.”
The other speaker is John Pearson, managing director for AMEC’s natural resources business for Europe and west Africa. He said: “The activity survey offers us a fascinating opportunity to predict the year ahead and also to consider our behaviours and responses. I will reflect on the survey results, explore some of the key themes emerging, and highlight some of the choices we collectively face.”