3.2 Employment Overview Based on the latest projections of industry expenditure in 2019, the UK upstream oil and gas sector is projected to support around 269,000 jobs in the UK.
The employment figures are a combination of direct employment 2 within the sector, indirect employment 3 through supply chain activity and jobs that are induced 4 by the industry’s wider economic contribution.
While some companies continue to make reductions in the size of their workforce, others are now actively adding to their numbers as activity begins to show signs of recovery. If such work materialises, 2019 would represent the first increase in total industry employment since 2014.
Total employment in 2018 was 259,900, significantly lower than previously estimated. This was driven by lower- than-expected capital expenditure last year.
Figure 1: Total Employment Supported by the Offshore Oil and Gas Industry 5
2 Those employed by companies operating in the extraction of oil and gas and associated services. 3 Employment as a result of supply chain effects caused by oil and gas sector activity. 4 Employment supported by the expenditure of income from the oil and gas sector. 5 The 2017 and 2018 figures have been revised to reflect updates from the Office of National Statistics and changes to industry expenditure.
Made with FlippingBook - professional solution for displaying marketing and sales documents online