Aussies to boost Tees
ESCALATING oil prices and increasingly sophisticated deep sea technology could see the opening of as many as 300 new oils fields in the North Sea, a BBC documentary claims tonight, potentially giving a dramatic boost to Tees' offshore industry.
Meanwhile, deep sea engineering specialists Aker Solutions, which employs 450 people at Stockton, said it remained committed to the UK, after announcing massive expansion in Australia.
The firm has launched a new site in Perth, Australia, to capitalise on the expected sub-sea boom in the burgeoning Asia-Pacific region.
It said its Teesside operation would benefit from long-term opportunities not just in oil and gas, but also in the process, metals, nuclear and water sectors.
It said the opening of the Perth facility represents “a long-term commitment to the Australian oil and gas industry”.
