Up to 1,000 delegates from the oil and gas industry will attend the annual Pilot Share Fair and the first Oil and Gas UK supply-chain conference later this year.
Both events are at Aberdeen Exhibition and Conference Centre, and up first is the share fair on Tuesday, November 11.
It aims to provide small and medium suppliers to the oil and gas industry with information necessary for long-term business planning.
About 16 operating and major contractor companies will inform those attending about their project-development plans and activities scheduled over the next 18 months, representing potential new business estimated to be worth about £4billion.
The supply-chain conference the next day will look at enhancing business efficiencies. It will focus on three key topics: business perspectives, supply-chain sustainability and cross-industry learning.
OGUK chief executive Malcolm Webb said: “The UK offshore oil and gas industry is Britain’s most successful industrial sector. The UK continental shelf supply chain has rapidly developed a reputation as a global centre of excellence for the provision of oilfield goods and services and there is now growing recognition of the contribution to the UK economy the supply chain is making in its own right, whether measured in terms of employment, direct taxation or exports.
“Currently, each £1billion spent by the industry provides around 20,000 jobs across the supply chain whether the money is operating expenditure or capital investment. There is an estimated 25billion barrels of oil and gas still to be recovered from the seabed around the British Isles.
“Increasing focus on higher-risk developments, which may be challenging technically and commercially, will be needed to recover these remaining reserves, requiring sustained access to the knowledge skills and expertise of contractors and suppliers across the full spectrum of the supply chain.
“Oil and Gas UK’s first supply-chain conference has been developed in recognition of the importance of this ever thriving industry and the challenges it faces, focusing on supply-chain efficiency, sustainability and best practice learning from within and outwith the sector.”
Booking is now open for both November events.