Companies to invest $500 million in North Sea oil (find a great job in the oil and gas sector with Key Corporate Services)

Key Corporate Services is a major recruiter in the oil and gas sector with international reach. So we constantly keep our eye on global trends in the petroleum industry.

Recently, the BBC reported that oil companies would be investing a whopping $500 million in deep drilling in the North Sea. According to the article,

A consortium of oil companies is to invest more than $500m (£330m) in an appraisal drilling programme which could lead to further development of a giant North Sea field.

The BP-led consortium said drilling had already started on the first of five wells planned over the next two years at Clair, west of Shetland.

Up to 12 wells could be drilled, depending on initial results.

There is an interesting video at the link, too.

When oil is mentioned, the Middle East typically springs to mind, since the US is a net importer of petroleum. So we tend to forget just how big the industry outside the Middle East is–colossal. The North Sea oil story is a reminder of the truly global nature of this business.

We help professionals in the oil and gas industry find jobs here in the US and overseas. Here are our current open positions. If you are in the US and looking for a career move here or to another country, we would love to hear from you. If you are working in another country and would like to find a new position in the US oil and gas industry, we would enjoy getting to know you too. Please contact us at any time so that we can talk about your career dreams and aspirations.

The Key Corporate Services Blog Team