Economic Report 2019
ECONOMIC REPORT 2019
3.6 Supply Chain Landscape Alongside E&P activity, the UK oil and gas supply chain makes a significant contribution to the UK economy — contributing to GDP, boosting the current account through export activity and supporting the majority of jobs within the sector. The supply chain has world-leading capabilities across all aspects of oil and gas operations, supports international basins through exports and increasingly supplies other industries and aspects of the energy sector as companies diversify their businesses and investments. Growing this opportunity for the UK supply chain and supporting the transition to a net-zero economy are key ambitions of industry’s Roadmap 2035 (see section 5.1). The supply chain can continue to be a global leader in oil and gas services, whilst embracing the opportunities presented by the energy transition. This will ensure that the industry's supply chain continues to contribute to the UK economy in the decades to come.
Figure 8: UK Oil and Gas Supply Chain Landscape
Transport/ Infrastructure
Produce/ Operate
Oil and Gas Lifecycle
Oil and Gas Companies and Supply Chain
Explore
Decommission
Carbon Management and Renewable Energy
Offshore Wind
Marine and Wave
Carbon Capture Transport & Storage
CO 2
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