June 2013, Vol. 240, No. 6

Projects

Scotland's Oil, Gas Exports Double In 2012

Scotland’s oil and gas supply chain exports rose by 8.4% in 2011-12, to $12.7 billion — almost double the rate of the previous year — according to the latest figures from Scottish Development International and the Scottish Council for Development and Industry (SCDI).

International activity accounted for a record 47.6% of total sales from the sector, an increase from 31% over the past decade. Total oil and gas supply chain sales, which include sales through subsidiaries, increased by 5.8% to reach $26.7 billion, with exports to more than 100 markets.

North America remained the top region for exports with $4 billion of sales targeted into this region, an increase of 2.8%, but strongest growth was reported in the Middle East. Africa remained the second most important with a 5.9% increase in sales. Brazil, the United States and Australia are reported to be the new markets of greatest interest – with sales in Australia alone increasing by 9.4%.

The services sector is also dominant in terms of sales, seeing an increase of 10% over last year. The types of services being exported from Scotland include project management, consultancy, construction, maintenance, resource management, software design, drilling, access solutions, catering, logistics/transport, engineering and design.