Oil and gas firms could create up to 34,000 jobs over the next two year, according to a study from Lloyds Banking Group.
The bank said 77% of companies in the sector it surveyed were planning for growth in 2013-14.
Most firms (86%) saw expansion coming from organic growth rather than from mergers and acquisition.
Just under a fifth were interested in diversifying into unconventional oil and gas, including fracking.
The study found that slightly more oil and gas equipment suppliers were expecting growth than exploration and production firms.
Scottish firms were more optimistic about their prospects than those in other parts of the UK.
However, the skills shortage within the industry remained one of the biggest issues for firms, with a third naming a shortage of skills as the biggest challenge they will face.
Chosen excerpts by Job Market Monitor
via BBC News – Bank study claims oil jobs bonanza.
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