Oil and gas companies are set to join forces with offshore wind firms in the North Sea, providing new opportunities for contractors.

Friday 4 May 2012

Posted by James Curtis

Contractors looking for engineering jobs in the UK's energy sector will be boosted by plans for oil and gas and offshore wind firms to join forces.

A number of oil service companies led by Technip SA and Subsea 7 are to work with wind energy developers in the North Sea for the first time in a bid to capitalise on the €14 billion-euro (£11.37 million) a year market.

According to Jayesh Parmar, a consultant at London-based Baringa Partners LLP, the potential for business development between the two sectors is "most apparent" in the North Sea.

Bob Dunsmore, Subsea7 Renewables vice-president, said in an interview: "The offshore wind developers are now seeing the value of having the oil and gas companies getting involved. They’re moving into the environment we work in."

The news comes as drilling activity in the UK's oil and gas sector continued to rise in the first quarter of 2012.

According to a new report by Deloitte Petroleum Services, activity was up 22 per cent when compared to the first three months of 2011.

By Victoria McDonnell

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