Proserv’s Chief Executive Davis Larssen has told STV News that continued political and fiscal uncertainty is driving more energy firms to focus overseas, as investment in the North Sea becomes increasingly unattractive.

Speaking during the interview, Mr Larssen said:
“Eighty per cent of our business is already outside Aberdeen. I spend a lot of time travelling to regions like West Africa and South America where clients are actively investing in infrastructure, but the North Sea is almost the opposite. Political positions taken in the UK have created an environment where people don’t want to invest.”

Proserv, headquartered in Aberdeen, is a global controls technology company and continues to expand its presence internationally. However, Mr Larssen stressed that unless the UK provides a clearer, more stable pathway for both oil and gas and renewables, there is a risk of losing skills, jobs, and investment overseas.