Despite skills and recruitment challenges, the north-east’s oil and gas industry still sees a bright outlook for 2013.
According to the survey, activity in the industry has continued to increase following a low level of exploration in 2011.
More firms and North Sea fields were being bought and sold and more investment was being made by both operators and contractors, according to the study.
Tax breaks announced for oil and gas producers earlier this year, following the damaging 2011 Budget, had also improved confidence. However, firms were yet to see much activity in the fledgling decommissioning and offshore renewables sectors.
Oil firms will also need clarity on plans for Scottish independence before deciding what it means for them, said Cliff Lockyer, of Strathclyde University’s Fraser Allander Institute.
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