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Scottish oil sales grow 14 years in a row

Staff writer |
Latest figures from the annual oil and gas survey of Scottish sales in the world show a 5.8 percent increase in total sales and the total value of 17.2 billion pounds.

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International sales went up by 8.4 percent in 2011-2012, reaching a record 47.6 percent of total sales. Scottish companies now operate in more than 100 markets across the world.

Combined UK and International sales figures show overall growth for the 14th year in a row, and come as Scotland's Energy Minister, Fergus Ewing, travels to take part in the Offshore Technology Conference in Houston, Texas, where he will lead a trade delegation of more than 50 Scottish companies working in the oil and gas services sector.

Strongest growth was reported in the Middle East, but the African region remained the second most important with a 5.9 percent increase in sales. Brazil, the USA and Australia were new markets of the greatest interest – with sales in Australia alone increasing by 9.4 percent.

North America remained the top region for international sales with 2.6 billion pounds of sales targeted into this region, an increase of 2.8 percent since 2010.

The figures are from the latest annual survey of international activity in the sector from Scottish Enterprise and the Scottish Council for Development and Industry (SCDI).


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