As Aberdeen wakes up to another Offshore Europe week what are we hoping that “the oil Santa” will bring us?
For a lot of people it will undoubtedly be stability, whether that be in business or employment which is understandable given the current oil price. But there is little point in looking to the ghost of oil weeks past or present; we need to look to the future.
Innovation has to play a significant role in the future of the city and the North Sea as a whole. However, innovation isn’t only about new technology either, it’s about providing solutions in partnership with each other to derive cost benefits. Of course embracing new technology is also essential to extend the life of the North Sea and maximise reserves.
So what can we expect? My hope would be growing optimism with a healthy dose of renewed focus on how we can do things more efficiently. There are some very positive developments already happening and we should look forward to how we can exploit these.
Graeme Allan is managing partner at Anderson Anderson & Brown.
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