The Energy Industries Council (EIC), the trade association for UK companies that supply goods and services to the energy industries, will be the largest single exhibitor at Offshore Europe in Aberdeen next month.
The EIC Pavilion, will host 42 companies at the largest oil and gas event outside North America. In 2013, 63,000 people attended.
Visitors to the pavilion, which will feature an upgraded stand design and private lounge area, will be able to see the range of products the UK supply chain provides to the offshore oil and gas sector.
Established in 1943, the EIC is a not-for-profit organisation with a large membership of UK-registered companies who deliver goods and services to the energy sector.
It will also unveil a new version of its global projects database, EICDataStream.
Analysis of contract activity in the UK Continental Shelf (UKCS) has revealed a steady a decline in the award of major contracts since 2013, according to EICDataStream.
However, the news is slightly more positive offshore Norway where a number of contracts have been awarded across five significant developments – Wintershall’s Maria oil field, and Statoil’s Gina Krog oil and gas field, the Oseburg future development, Njord A and the Johan Sverdrup development.
EIC chief executive Claire Miller, said:”While times are undoubtedly challenging, opportunities still exist for the supply chain. With new discoveries being made and existing discoveries yet to be developed, should contracting costs continue to drop and the price of oil stabilise, the outlook for the UK supply chain longer-term still looks promising.”
The SPE Offshore Europe Conference and Exhibition takes place in Aberdeen from September 8-11.