OGUK has said a survey of oil and gas companies which finds about a fifth of firms are expecting more redundancies in 2021 is further confirmation of the stark conditions faced by many.

The leading representative body for the sector, which is due to publish its flagship Economic Report early next week, said it continues to champion a North Sea Transition Deal.

Commenting on the 32nd AGCC Oil and Gas Survey published today, OGUK Chief Executive Deirdre Michie said:
“The AGCC Oil and Gas Survey is further confirmation of the stark conditions faced by many companies in our industry, and we remain particularly concerned about the health of our world class supply chain. OGUK continues to work with industry to see what we can to together to safely increase activity and protect jobs while at the same time championing a North Sea Transition Deal with governments which could help realise the full potential of our changing sector, both now and in moves to a lower carbon future.”

KeyFacts Energy Industry Directory: Oil & Gas UK