On Shetland’s doorstep are abundant oil and gas reserves – and although the oil and gas fields east of Shetland are mature, the surge of activity on the Atlantic Frontier West of Shetland has seen a long-overdue boost and a desire to invest in what could be a 30-year opportunity.
For the Atlantic Frontier, geography plays an increasingly important role and Shetland, with its prime location, facilities and supply chain, is coming to the fore. For UK growth, the West of Shetland is the “place to be”, according to a 2018 report by global energy consultants Wood Mackenzie.
Many firms in Shetland have been involved in the oil and gas sector for over 40 years. This means Shetland is well equipped and ready to work with the growing number of operators in the region to drive out new competitive approaches, thereby maximising economic recovery of assets.
Operators and tier one contractors who want to find out more about what Shetland can offer should contact Katrina Wiseman, Head of Business Growth at Highland and Islands Enterprise to find out more. Email firstname.lastname@example.org or call +44 (0)1595 744 909.