Workforce Report 2018

WORKFORCE REPORT 2018

Production The level of production (barrel of oil equivalent [boe] per worker) can be used as an indicator of productivity. Total production has increased by 16 per cent since 2014, driven by improved production efficiency and a wave of new project start-ups. Combined with the reduction in offshore workers, the number of barrels per worker increased by 6 per cent in 2017 and has risen by 42 per cent since 2014. This trend is expected to continue through 2018. However, on a revenue-per-worker basis, productivity remains relatively flat, recognising the fall in commodity prices since 2014.

Figure 11: Annual Production per Offshore Worker

70,000

Barrels Per Core Worker Barrels Per Worker

60,000

50,000

40,000 )eob( noitcudorP

30,000

20,000

10,000

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Source: Vantage POB, Oil & Gas UK

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