NOF Energy, the business development organisation for oil, gas, nuclear and offshore renewable sectors, is hosting a special event to help businesses access the oil and gas sector.
The workshop will take place on Tuesday 12th November at The Durham Centre in Belmont Industrial Estate, Durham, and will be conducted by Energy Business Advisors, Douglas-Westwood. It will offer an overview of the activities involved in exploration and production, including: drilling, refining, field development, and decommissioning.
The oil and gas sector is experiencing a period of growth, which will require an expanded supply chain, opening up opportunities for new entrants. Recent figures announced by Oil & Gas UK that the UK Continental Shelf will receive record investment over the next year to the sum of £13.5 billion. This will generate around 470m barrels of oil and gas, a fivefold increase on the average over the previous three years.
The workshop will be delivered by industry specialist Dmitry Dovgan, Analyst at Douglas-Westwood. Founded in 1990, Douglas-Westwood specialise in analysing and predicting growth in oil and gas markets and have completed commercial diligence exercises leading to in excess of $20 billion in financing in the oilfield services and equipment markets.
Dmitry Dovgan said: “The oil and gas industry is entering a significant period of growth, which will require an expanded supply chain to meet the increased requirements of the sector. This will present considerable opportunities for companies that may have transferrable skills or products. This workshop will enable them to gauge the opportunities and increase their knowledge of the industry.”
Joanne Leng MBE, Deputy Chief Executive of NOF Energy, added: “Businesses interested in the oil and gas sector will benefit from the depth of knowledge possessed by Douglas-Westwood. Having an understanding of a sector is essential for businesses looking to break into a new market and this event, along with the support of an organisation like NOF Energy, will make a real difference to their business development ambitions.”
Press Release, October 29, 2013