Oil and gas are going places
When you think J P Kenny, think growth. We’ve doubled in size in the last three years, and are set to double again by 2015. Think how this could enhance your career, working with an increasing number of fellow professionals across five continents on the world’s most exciting projects.
Explore some key facts and common misconceptions below.
1. The UK oil & gas industry is supposedly shrinking. More/Less
Every credible scenario shows further growth in demand for oil and gas over the next twenty years. The UK remains Europe’s second largest producer, and the world’s 15th largest gas producer and 19th largest oil producer (2009 figures).
2. Subsea is one of the UK’s highest performing and fastest growing engineering sectors. More/Less
Subsea is a thriving, high tech, export earning sector. Subsea UK, our sector's industry body, expects to see exports increase from $4bn to $10bn to take advantage of subsea’s projected global growth from $40bn to $60bn by 2014.
3. J P Kenny is seeking to double in size in the next five years. More/Less
JPK is seeking to grow by a combination of organic growth of its core business of subsea pipelines, subsea systems, onshore pipelines, development studies, operations support, renewables and project management services; and by acquisition of new companies.
4. JPK is well placed to exploit new market areas such as decommissioning, renewables and carbon capture. More/Less
Decommissioning alone is providing J P Kenny with international opportunities in cleaning, subsea structure removal, surveys and monitoring - as well as in project management and operations – in a market estimated to be worth £9bn over the next 30 years out of a total market of £26bn.
The International Energy Agency estimates that to decarbonise the power sector by 2050 with large scale Carbon Capture and Storage deployment will require capital mobilisation of USD $0.5 -1.0 trillion for transport by pipelines.
5. JPK needs to recruit subsea and pipeline engineers on a significant scale. More/Less
Oil and gas currently employs around 450,000 people in the UK, with subsea alone accounting for over 40,000 jobs. Subsea UK estimates that our sector urgently needs to recruit 1,000 new engineers now. This figure is set to rise to 3,000 by 2015, in order to cope with international demand.