A 50 per cent increase in the UK’s offshore energy workforce is expected by 2030. As per a recent report, the current number of 1,50,000 workers has a potential to increase to 2,25,000 by the end of the decade.
It further suggests that in the event of a successful transition to renewable energy, there is the potential for the number of new jobs in the renewable sector to surpass those in the oil and gas industry. However, it also cautions that unless there is a substantial increase in investment and activity in renewable energy in the UK, particularly as the oil and gas sector declines, there could be a risk to as many as 95,000 potential offshore energy jobs.
The strength of the oil and gas workforce can decrease from 1,20,000 to 87,000 by 2030 with a managed transition to renewables. If there’s a more rapid decline in the oil and gas sector due to reduced investment and operational activities, the workforce can drop to around 60,000 over the next seven years.
Therefore, it’s suggested that the industry must preserve the offshore oil and gas supply chain, its workforce, and the associated skillsets over the next five years.
The report identifies a ‘goldilocks zone’ between 2024 and 2028 when the UK can sustain, develop and invest in its supply-chain capacity and capability. This, if appropriately managed, can help the UK achieve its net-zero objectives and protect and enhance workforce numbers in the offshore energy sector.
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