Located on the North East coast of Scotland, Aberdeen is a thriving city of some 210,400 people.
Over the last 40 years, the city has reinvented itself from a provincial regional centre dependent upon fishing, farming and tourism to become the centre of the UK’s national oil and gas exploration and production activity and Europe’s most enterprising energy capital.
The combined population of Aberdeen City and Shire is 451,860 people. The area of the City is 186 square km with a population density of 1,125 per sq. km. The unemployment rate is one of the lowest in Scotland at only 1.7% (4,776 people). Figures indicate that a total of 137,275 jobs in the Aberdeen City and Shire area are provided by the oil and gas industry’s expenditure in the UK Continental Shelf (UKCS). This figure consists of 23,515 employed directly by the oil and gas companies and their major contractors, 81,973 in the wider supply chain and 31,787 jobs supported by economic activity included in employees’ spending in the local economy. Other major industries include the, tourism, agriculture, food and fish processing, banking, finance and insurance, public administration, education and health
In 2009 the UK oil and gas industry produced an average of 2.5 million barrels of oil equivalent every day, meeting around 80% of the UK primary demand in oil and gas. Over the last forty years the UK has produced nearly 28 billion barrels of oil and gas and still has substantial potential. It is estimated that 16 – 25 billion barrels of oil and gas remain to be recovered. Companies in Aberdeen however, are pioneering in enhanced reservoir extraction due to maturing oilfields and government industry initiatives such as Fallow Fields, where smaller fields were made available in licensing rounds. Aberdeen’s industry base is therefore well placed to recover this remaining oil.
A number of major energy businesses have significant offices in Aberdeen including BP, Shell, ExxonMobil, Conoco, Nexen, Talisman, Dana Petroleum and Centrica to name but a few. Aberdeen city and shire is also home to some key energy assets including the St Fergus Gas Terminal which processes around 15% of the UK’s natural gas, Peterhead Power Station, Aberdeen and Peterhead Harbours and the world’s largest concentration of subsea engineering capability at Westhill.
Aberdeen is also home to the biennial Offshore Europe Conference and Exhibition– the largest outside Houston – taking place in September every two years. Offshore Europe attracts a global audience of engineers, technical specialists, industry leaders and experts, to share ideas, debate the issues of the moment and to create common agendas for the future of the upstream industry.