Oil and Gas
The East of England is an established hub for the oil and gas industry and a large base for major and international businesses. With a strong local workforce and vast relevant experience, the region has maintained its reputation as a national centre for offshore activity.
Oil and gas currently meet around two-thirds of the world’s demand for energy. Demand is expected to rise which means renewed interest in exploration. The region’s oil and gas industry consists of more than 500 companies who directly employ 2,100 people and a further 13,200 indirectly.
The Southern North Sea (SNS) currently plays host to 150 offshore platforms and two interconnectors. While the North Sea is now regarded by many as a mature province on a slow decline this has opened up other opportunities in areas such as advanced oil and gas recovery techniques and decommissioning.