CLEAN : Scotlands oil city suffers as prices plunge

The transcript discusses the challenges faced by contractors in the oil industry due to economic downturns and low oil prices. It highlights the global impact on job security and the contraction of regions worldwide. The text also explores the potential for Aberdeen to lead in decommissioning technologies, offering new opportunities as the industry shifts. Finally, it notes the UK's advantageous position with significant oilfields.

What is one of the main challenges faced by contractors in the oil industry during economic downturns?

• Increased demand for oil

• Higher taxes on oil production

• Lack of work opportunities abroad

• Increased competition from new companies

How does decommissioning present an opportunity for Aberdeen?

• By reducing the number of oil rigs

• By leading in developing decommissioning technologies

• By increasing oil production

• By outsourcing jobs to other countries

Why is decommissioning becoming a global necessity?

• To reduce environmental impact

• To comply with international regulations

• Because of the need to replace old platforms

• Due to the increase in oil prices

What is a significant advantage that the UK holds in the oil industry?

• The lowest production costs

• The largest oilfields

• The most advanced drilling technology

• The highest number of oil companies

What strategic decision did the UK get right in the oil industry?

• Reducing oil exports

• Investing in renewable energy

• Focusing on domestic employment

• Securing the largest oilfields