Oilfield services sector expects profitable recovery

AroundĀ 96% of senior executives in the oilfield services industry predict the UK Continental Shelf (UKCS) recovery to “peak levels of profitability”. Almost half – 48% – of the 200 bosses surveyed expect the UKCS to rebound inĀ five years while 28% predict recovery within three years subject to a general improvement in oil price. A majority […]