Scottish success in the oil and gas industry is built on brilliant connections between elite research facilities, educational establishments, sources of funding, and our international partners.
The high level of collaboration in Scotland enables the perfect breeding ground for constant innovation in oil and gas. By tapping in to our expertise, you can make your operations faster, cheaper, safer and more efficient.
A brilliant track record
Scotland is strong in every area of oil and gas, with around 2,000 companies across the entire supply chain. In the subsea market alone, we have 370 companies employing 38,000 people and creating revenues of £7bn, equivalent to 15% of the global market.
Scottish companies in every field are taking their innovations out to the world, meaning there is always an available partner for international companies, on even the most unique challenges.
We have leading companies with capabilities in platforms and topsides, and are pioneers in subsea, but our expertise does not end there. Scottish companies are world leaders in front-end engineering design (FEED), Inspection, Repair and Maintenance (IRM), modifications, safety, training and project management.
Our thirst for progress means that we don't hesitate to take our innovations into related markets like offshore mining, defence, renewables and aquaculture. In return, our companies gain fresh perspectives and insights to take back into the world of oil and gas.
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World class innovation support
Our hub in Aberdeen is home to the recently launched, world-first Oil and Gas Technology Centre (OGTC) and the Oil and Gas Innovation Centre (OGIC).
These centres can help match up companies with researchers at our world-class universities, finding them the best-suited academic partner for their specific business challenge.
SDI can help companies to move forward with their R&D ambitions by accessing funding of up to 70% of total project costs and connecting companies to relevant businesses, research centres and experts.
We have helped fund innovations right across the oil and gas industry. This includes R&D funding to One Subsea, supporting their £1.8m expansion investment and development of their Standard Modular Injection System. We also supported Raptor Oil with £400,000 R&D funding for their project aimed at improving data communications in the oil and gas industry.
This support has also helped companies such as Neptune Engineering expand into the Houston market, and has supported companies like Coretrax to develop their Inflation Support Tool, which significantly cuts down well abandonment time.
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Connected to International Markets
Our collaborative networks and culture of progress has also benefited international companies. GE Oil & Gas, Oceaneering International and TechnipFMC, have all set up significant bases here.
International companies settling in Scotland can benefit from a £10m fund, aimed at reducing the risk of investing in innovation. We also offer substantial tax relief initiatives, including tax relief directly for R&D activities and a lower rate of 10% corporation tax for businesses commercialising a UK or EU patent in Scotland – a full 56% below the standard rate.
In a recent survey, 90% of respondents from the United States endorsed the experience of Scottish employees and contractors and 88% expressed a preference for working with us.
This confidence is reflected worldwide, with roughly three quarters of international survey respondents seeing Scotland as the leading training ground for the industry and a similar number recognising Scots as some of the most dependable workers in the industry.
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Connected to Success
Scotland’s strengths in innovation lie in access to the highest quality talent and support.
In addition to helping connect companies to funding and research, we provide access to high quality diversification support and have helped the industry adapt to changing conditions in the wider market. For example, the Scottish Government established the Energy Jobs Taskforce, to help protect the skills, reputation and strength of Scotland’s oil and gas industry. To date it has supported over 3,500 individuals and 750 businesses in areas such as business resilience, efficiency, leadership and innovation.
These initiatives have helped address the downturn impacting the global oil and gas industry. Production in the UK Continental Shelf has increased by 16% since 2014and unit operating costs have fallen by almost half from $29.70/boe in 2014 to $15.30/boe in 2016. These efficiencies would not have been possible without a constant commitment to innovation.
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