“We have seen a number of projects which have been in the pipeline for quite some time that are starting to receive final investment decisions.”
He continues “NES has increased contractor numbers by 40% in the last 24 months and salaries are on the increase.”
Peavoy reported that demand for talent is growing in China, Mozambique, Mexico, Trinidad and Tobago, and Guyana. However, demand for expat talent is on the decline, due to nationalization drives and stringent local content requirements.
Overall NES expects to see a 20-25% increase in the demand for talent on offshore projects in 2019, and is tracking 70 active offshore projects globally that are worth over $500 million, of which 14 are GoM projects and seven are future GoM projects. This should lead to a host of new offshore job opportunities for our contractor base.
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