BROWSE THROUGH OUR TRADE FAIRS IN UK FOR OIL & GAS INDUSTRY

The United Kingdom, or the UK, is one of the significant countries in the oil and gas industry. This is due to the comparatively compact yet high-value sector present in the state. It comprises up to 13 000 enterprises, including 125 oil and gas extraction ones. This results in the direct and indirect employment of up to 205 000 specialists throughout the entire value chain. It also results in notably high annual turnover values throughout the industry. For example, the oil and gas production sector has generated a value of 9 000 000 000 GBP in recent years. Similarly, the motor fuel retail segment has produced up to 39 200 000 000 GBP. Comparatively high proven oil reserves supplement such values. The state features 1 800 000 000 bbl of oil reserves and produces 715 000 bbl daily. The UK is furthermore among the leading innovation centres of the oil and gas industry. This is due to the country’s industry-related segment chiefly focusing on researching and developing innovations. It enables it to adapt to the latest industrial demands, challenges and sector-related trends. Examples include adhering to the latest sustainability requirements. Most often, the sector presents its most recent innovations during trade expositions. It includes biannual events held in diverse cities. They attract tens of thousands of attendants.