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08/05/2014

Predicted Rise In Oil And Gas Deals

Oil and gas companies in Scotland could secure contracts worth £100m over the next three years, following their attendance at the world's top oil and and gas show, it has been claimed.

According to Scottish Enterprise, firms who took part in the Offshore Technology Conference in Houston in 2013 reported a rise in international revenues of this amount.

More than 100,000 people from 40 countries are expected to attend this year's conference, which is being held in Houston this week.

The Scottish delegation taking part – and being supported by Scottish Development International and Scottish Enterprise – includes 63 companies and organisations, representing a cross section of the Scottish oil & gas and offshore renewables supply chain.

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Speaking from Houston, Energy Minister Fergus Ewing, said: "The Offshore Technology Conference acts as a shop window for Scottish companies seeking to promote their products and services. It offers the ideal forum for showcasing skills and expertise to a global audience.

"As these forecasts from Scottish Enterprise suggest, Scottish companies are increasingly successful in securing major opportunities in the offshore supply chain and lucrative contracts.

"Scotland has built a global reputation with many creative and innovative companies capable of identifying growth opportunities in overseas markets and making a significant contribution to such business for many years to come."

Head of oil and gas at Scottish Enterprise, David Rennie, added: "Increasing international activity in the oil and gas sector is a key priority for us and attending events such as OTC offers us a great platform for doing this. OTC is a world-class event and as popularity grows, so do the benefits of attending.

"As today's figures show, Scottish companies are capitalising on these benefits, capturing the opportunities and reaping the rewards."

(JP/IT)

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