Last week, Oil & Gas UK reported that confidence in the UK oil and gas industry remained positive in the first quarter of this year, unchanged from the last quarter of 2012. The index was measured at 60 on a 100 point scale showing that the industry is continuing to maintain an optimistic outlook.

Patrick Phelan, Managing Director of Aquaterra Energy shares a positive outlook.  He said: “Record investment in the UK Continental Shelf has increased demand for products and services throughout the oil and gas supply chain and according to Oil & Gas UK the survey highlights greater optimism among contractors than operators.

“We are committed to maximising opportunities presented by the UK Continental Shelf investment. Our company is actively developing our expert team and R&D programme to ensure we stay at the forefront of developments and continue to meet growing demand for cutting edge technology and complete offshore solutions.”