UK sector 'to create up to 50,000 jobs'

In demand: Workers may see higher salaries to counteract recruitment squeeze

The “unprecedented growth” in investment being made in the UK industry could see the sector create between 40,000 and 50,000 new jobs this year, a new recruitment analysis has predicted.

Booming development rates in the UK as well as the potential addition of shale gas exploration are both boosting vacancy levels, according to the study by jobs website Oilandgaspeople.com.

The recruiters also pointed to the record 27 licensing round seeing 167 new licences awarded in October, as well as positive tax changes hiking investment levels.

“Investment is at record-breaking levels with more than £40 million ($64.5 million) expected to be invested in North Sea oil in the next three years,” the report said.

Citing recent large-scale investments such as Statoil’s Mariner, Talisman Energy’s…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index