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> UK Government's investment in the Oil & Ga...
UK Government's investment in the Oil & Gas industry paying off
31 Jul 2013
North east engineering firm FES International says the UK Government’s plans to stimulate investment in the oil and gas industry are paying off.
The Ashington-based company have won several multi-million pound contracts over the past year and are planning further expansion.
The supplier of components for offshore operations sat that the oil and gas strategy pushed forward by the Government has paved the way for increased investment in the North Sea, as well as tax relief on decommissioning expenditure.
Companies such as FES, who employ over 300 people in the supply chain, are well placed to help maximise the recovery of Britain’s oil and gas reserves.
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