The ninth Offshore Decommissioning Conference run jointly by Oil & Gas UK and Decom North Sea, takes place from 26 – 28 November at the Fairmont Hotel, St Andrews, with around 450 industry professionals expected to attend.

Over the past decade, decommissioning of the North Sea’s oil & gas assets and infrastructure has steadily risen within the industry agenda. The Offshore Decommissioning Conference reflects this, having grown in stature to become the go-to event for those aiming to leverage North Sea mature basin expertise towards ensuring the UK becomes a world-class centre of decommissioning excellence.

Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

“The decommissioning market is likely to remain pretty stable providing the UK supply chain with a steady work flow and an opportunity to develop highly exportable world-class capabilities. Decommissioning is becoming an integral part of the oil and gas industry and lessons learned from the growing number of completed projects are being applied to current and future projects to improve efficiency. Supporting the UK supply chain in developing competitive decommissioning capabilities is critical to our ability to compete for work both in the UK and maturing basins around the world.”

With annual decommissioning expenditure of £1.5-2 billion predicted over the next decade, the Oil and Gas Authority has set a decommissioning cost-reduction target of 35%.  Initiatives underpinning the industry’s drive to deliver this goal feature prominently on this year’s agenda including the drive to reduce well decommissioning costs; a focus on strategies that address the question of operators’ long- term liabilities and a review of the potential for innovative decommissioning contacting models and improving sector-wide efficiency of project delivery.

The impact of science and technology on decommissioning will be explored throughout the conference, where around 30 companies will be showcasing the technology and methodologies designed to address the challenges discussed during the event.

Commenting on the significance of the conference, John Warrender, Decom North Sea’s Chief Executive said:  “Decommissioning is no longer a thing of the future. Predictable operator project execution, better market visibility for the supply chain, improved regulatory engagement, together with aggregation and economies of scale, new technology and genuine knowledge-sharing are becoming critical and urgent issues that require collaborative industry attention.

“As the new Chief Executive of Decom North Sea, I am committed to ensuring that this year’s conference is geared towards addressing these issues, providing the industry’s most effective networking platform to help delegates develop solutions together.”

ENDS

 

 

 

 

 

New developments, exciting opportunities and increasing optimism dominated Oil & Gas UK’s Share Fair today where major buyer companies highlighted the wave of UK North Sea opportunities to companies keen to understand the growing market for their expertise, products and services.  

More than 550 people from industry attended to hear presentations from major companies on their forward plans in greater detail highlighting some of the £15 billion the industry will be spending on exploring for new resources, developing them, operating existing assets and decommissioning. 

Innovative changes to Oil & Gas UK’s popular 1-2-1 sessions meant the suppliers were matched to major buyers based on how best they could meet challenges.

John McColl, Oil & Gas UK’s supply chain manager, said:  

“Innovative thinking has come under the spotlight throughout the day with many companies demonstrating a readiness to consider new ideas including in our Innovation Forum. Share Fair provides suppliers with a valuable opportunity to gather feedback on their enterprising solutions.  

“Many of the major purchasers at the event today highlighted opportunities at home, abroad and in other sectors for our world-class supply chain. This is key to industry’s Vision 2035 and expanding supply chain growth.  

“It’s been a great day for building the supply chain the industry needs to meet the challenges of the future.” 

Wood highlighted innovation, digitalisation and data-centric solutions, encouraging companies to register on their supplier list to help them deliver major international projects. As a thought leadership provider, the Advanced Forming Research Centre & High Value Manufacturing Catapult outlined its role in influencing and informing more than 140 strategic forums in different industrial sectors.  

Chrysaor focused on four challenges for which supply chain solutions are being sought including flow lines from marginal wells, maintenance optimisation, late-life compression projects and corrosion under pipe support while also highlighting future investment in the UKCS and Norway. 

West of Shetland is set to be a hive of activity with both BP and Total E&P highlighting future work in this frontier area. Renewal, increasing production efficiency and a renewed commitment to the UK North Sea featured in BP’s presentation which emphasized the need to find suppliers with new and nimble ways to deliver projects such as subsea tie-backs and well intervention cost-effectively.  

Alongside plans to continue activities in west of Shetland, where it is exploring options for its Glendronach discovery, Total outlined maintenance, repair and upgrade opportunities for its assets in the Northern North Sea as well as in 

Reflecting the industry’s increasingly collaborative mindset, Independent Oil and Gas combined with major contractor, ODE Asset Management, to deliver a joint presentation looking at progress on its Vulcan and Blythe assets as well as opportunities for the supply chain in asset management.  

A variety of workscopes throughout the full lifecyle of offshore assets characterised WorleyParson’s presentation. They are looking for supply chain support to help them with projects they are working on with BP, Shell and Chevron. Potential contracts in the portfolio include some engineering procurement and construction work in areas including Clair Ridge.  

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force launched e series of new case studies at Share Fair, providing delegates with an insight into the tools and guidance available to optimise supply chain resilience and growth.  

ENDS

 

Industry experts from Equinor, Premier Oil, Spirit Energy and Nexen Petroleum U.K. Limited (Nexen), a wholly-owned subsidiary of CNOOC Limited, have selected seven forward-thinking companies and organisations to participate in Oil & Gas UK’s new Innovation Forum which launches at Share Fair in Aberdeen’s Exhibition and Conference Centre on October 31.

Matt Abraham, Oil & Gas UK’s Supply Chain Director, said:

“The industry’s longevity is thanks to the ground-breaking thinking and technological innovations our world class supply chain has developed and it’s great to have major companies supporting our first Innovation Forum. It’s aimed at giving people with bold and enterprising ideas access to advice and feedback from industry experts whose skill is identifying opportunities where both parties could work collaboratively to deliver solutions that address key challenges.

“We’ve had a great diversity of organisations submitting interesting concepts for the Forum. The seven successful candidates preparing to pitch their innovative solutions are the Advanced Forming Research Centre (AFRC); Altrad; Apollo; Centrifuges Un-Limited; Nalco Champion; Eigen and M&P Oil and Gas Solutions.”

With investment in the UK North Sea expected to exceed £15 billion over the next year, 21 major purchaser companies are keen to meet suppliers offering fresh input on services and expertise at Share Fair’s one-to-one business meetings which are proving extremely popular. These companies are Advanced Forming Research Centre (AFRC) and High Value Manufacturing Catapult; Apache North Sea; BP; Chrysaor; Chevron Upstream Europe; ConocoPhillips (U.K.) Limited; Craig International; EnQuest; EPIM; Halliburton; Independent Oil & Gas PLC (IOG) and ODE Asset Management Limited (ODE AM); Nexen; Premier Oil; Shell U.K. Limited; Spirit Energy; Subsea 7; TAQA; TOTAL E&P UK Limited; Wood and WorleyParsons.

Oil and Gas Authority head of supply chain Bill Cattanach added: “As the industry has evolved it is now generally accepted most of the new and enabling technologies are developed by the supply chain. There can however be disconnect between operators and the innovation community and the re-energised Share Fair concept recognises and addresses this gap through the new Innovation Forum.”

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force will be launching a series of new case studies at Share Fair, where delegates can gain insight into the tools and guidance available to optimise supply chain growth and improve industry performance.

Ends

The 2018 conference, run jointly by Decom North Sea and Oil & Gas UK, will take place from 26 – 28 November 2018 at the Fairmont Hotel, St Andrews.

The leading representative body for the UK’s offshore industry has warned the sector is at a crossroads as it publishes its Economic Report 2018.

Oil & Gas UK highlighted findings which show an improved landscape for the sector, with reduced costs, competitive fiscal terms, improved operational performance and more stable oil and gas prices.

However, Oil & Gas UK Chief Executive Deirdre Michie today warned about the impact of record low drilling activity and a potentially damaging supply chain squeeze.

Speaking to an audience of industry leaders today, Deirdre Michie said the Economic Report 2018 shows investment conditions remain key to the long-term future of the UK offshore oil and gas industry.

 

It comes as the report shows:

  • Operating costs have halved and are now being sustained at around $15/boe
  • Production is on track to be 20 percent higher than 2014
  • More major new projects have been sanctioned by Exploration and Production (E&P) companies so far this year than the last 2 years combined

However, this recovery is yet to be felt across the whole of the sector, with the report noting:

  • Four exploration wells were spudded in the first eight months of the year – and even with more wells to come, total exploration activity this year expected to be the lowest since 1965. The capacity of the supply chain has been reduced in recent years, as revenues and margins continue to be squeezed.
  • By 2021 there could be capacity constraints emerging across the supply chain, as a result of the reductions in recent years and an expected increase in new development activity at home and abroad. The constraints are expected to be felt most across drilling and wells services and within engineering and subsea sectors.

 

Speaking ahead of a report launch to industry leaders in Aberdeen and London today, Oil & Gas UK Chief Executive Deirdre Michie said:

“Industry is emerging from one of the most testing downturns in its history. However, the steps that have been taken by industry, government and the regulator have delivered tangible results.

“Despite the improvements seen in recent years, we find ourselves at a crossroads.  Record low drilling activity, coupled with the supply chain squeeze, threaten industry’s ability to effectively service an increase in activity and maximise economic recovery.

“The UK Continental Shelf is a more attractive investment proposition – our challenge now is to take advantage of this.

“We have to drive an increase in activity while continuing to find and implement even more efficient ways of working which support the health of supply chain companies whilst also keeping costs under control.

“It shows that investment conditions remain key to the long-term future of the North Sea industry.

“Choosing the correct direction of travel is critical to securing our ambition for the future, outlined in Vision 2035. The sector deal is a further important step in delivering this vision.

“Essential for security of energy supply, supporting hundreds of thousands of skilled jobs and contributing billions to the economy, this is a vital industry. As our Economic Report shows, with the right stewardship across the industry, it will continue to play a leading role for many decades to come.”

Seven speakers specialising in staying ahead of the game in cyber security will be sharing their expertise at Oil & Gas UK’s seminar on the topic at Aberdeen Exhibition and Conference Centre on September 18 sponsored by ABB.

Dr Alix Thom, Oil & Gas UK’s Workforce Engagement and Skills Issues Manager, said:

“Cooperation and sharing information within the industry is crucial to help companies collectively respond to emerging threats. It’s also important to learn from other sectors about how they manage risks and ensure safe and sustainable operations. Our speakers include representatives from the police, government, legal and insurance sectors, whose expertise will help deepen our understanding of new and ever-evolving realities in the global security environment.”

Clare Dobson of the Energy Cyber Security Team at the Department of Business, Energy and Industrial Strategy (BEIS) will deliver the keynote speech with speakers for the day including:

  • Ben Dickinson, Cyber Security Consultant, ABB, and previously from the UK’s National Cyber Security Centre (NCSC), part of GCHQ
  • Detective Constable Richard Scott, Counter Terrorism Security Adviser, Police Scotland
  • Ross McKenzie, Partner at Addleshaw Goddard LLP with responsibility for advising on all things data protection, technology and intellectual property
  • Joe Goodlad, Principal Cyber Security Specialist, ADC (Aberdeen Drilling Consultants)
  • Francis Lobo, Head of Upstream Oil and Gas Engineering at insurance firm, Canopius
  • John Duncan, Senior Advisor Emergency Preparedness & Security, Total E&P

The format of the event will consist of 3 sessions, each followed by a Q&A with panel discussion, closing at 3.00pm.

Notes to Editors

  1. Details of the event are available on the website
  2. Issued by the Communications Team, Oil & Gas UK. Contact Communications Advisor, Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk
  3. Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:

“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”

 

More information available here .

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

  •     Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Enterprising new entrants to the UK North Sea sector will be joining supermajors and large contractor companies at Oil & Gas UK’s Share Fair in Aberdeen to highlight a rising number of supply chain opportunities on October 31.

Matt Abraham, Oil & Gas UK’s supply chain director, said:

“Looking at the year ahead, industry expects to spend more than £15 billion on exploring for new resources, developing them, operating existing assets and decommissioning with Share Fair providing the ideal place to hear about these in more detail.

Investors are recognising the sector’s ability to effectively manage costs and deliver operations efficiently. More independent operators are entering the basin, introducing some innovative business models and helping to breathe new life into the UK Continental Shelf (UKCS). We’re building on this by promoting early focused engagement between suppliers and potential clients which is key to helping a competitive and competent supply chain develop.”

2018 sees a higher number and broader spectrum of companies ready to share information about future business opportunities via presentations or pre-booked 1-to-1 engagement sessions. These include new companies Chrysaor, Independent Oil & Gas (IOG) and Spirit Energy together with Apache North Sea, BP, Chevron Upstream Europe, ConocoPhillips, Craig International, Halliburton, Nexen Petroleum UK, Shell Upstream International, Subsea 7, Total E&P UK and WorleyParsons.

Phil Kirk, chief executive, Chrysaor, said:

“Chrysaor recognises the value that can be generated by collaborating with our supply chain.  We see the Oil & Gas UK Share Fair as one of the ways we can bring new technology, innovation and fresh ideas to our future business plans.”

For the first time, suppliers booking a 1-to-1 slot at this year’s Share Fair will gain advance access to detailed information about companies’ future requirements for goods, works and services. This is intended to add greater value to the conversations at Share Fair that both parties will have in support of the shared aim of unlocking the full potential of the UKCS.

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information is available on the website.

Ends

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 /lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018.

Commenting on the news today (August 20) that Premier Oil has taken a final investment decision on the Tolmount gas field development project, Ross Dornan, Oil & Gas UK’s market intelligence manager, said:

“This is a clear example of how companies operating on the UK Continental Shelf can successfully adopt collaborative and innovative commercial models to re-scope a development concept. It demonstrates the value of upstream and midstream operators working closely together to stimulate investment and deliver a project that is critical to maximising economic recovery from the UK North Sea, ensuring continuation of an indigenous gas supply as well as providing new activity for supply chain companies.”

 

ENDS

 

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon 01224 577331 / lgordon@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Delegates keen to secure early bird bookings for Oil & Gas UK’s Share Fair 2018 which takes place in Aberdeen in October, have until August 24 to make the most of the discount rates on offer.

 

John McColl, Oil & Gas UK’s Supply Chain Manager, said:

“Share Fair is rightly perceived as a key business development event but along with the changes much of the industry has embraced during the downturn, we’re ensuring it evolves to deliver increased value to all participants, whether buyer or supplier.

 

“Our priority is to improve access to information and generate better opportunities for early focused engagement so that operators, major contractors and suppliers can find ways to work more effectively together. This is one of the ways we are driving greater competitiveness across the sector to help unlock the full potential of the UK Continental Shelf.”

 

Neil Sims, Vice President for Expro’s Europe CIS region, said:

“As we move into the next phase of the UKCS, stronger engagement between operators, contractors and the wider supply chain is vital if we are to maximise the potential from our region.  This approach will allow us to deliver value-adding solutions that push the boundaries of innovation, technology and efficiency – something we cannot achieve independently.”

 

Operators and major contractor companies will be giving presentations at Share Fair but this year they’ll provide the supply chain with detailed information about current and future commercial opportunities from a technical and operational perspective.

 

To increase the effectiveness of the event’s popular one-to-one business discussions, Oil & & Gas UK is currently working with purchaser companies to market and match their requirements with the most appropriate potential suppliers to ensure that conversations taking place on the day are of real value to both parties.

 

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information about early bird bookings is available on the website

Ends

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 / lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018

Commenting on Neptune Energy Group’s (Neptune) decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK Central North Sea, Deirdre Michie, Oil & Gas UK’s chief executive, said:

 

“Neptune’s interest in the Seagull development and the Isabella prospect reflects its confidence in the continued potential of the UK Continental Shelf and the basin’s growing competitiveness.

 

“These transactions will help unlock future opportunities for industry, making optimum use of existing infrastructure in the Central North Sea and enabling the timely and economic development of new fields in a key hub.”

 

 

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Supporters of the Pound for Piper Memorial Trust, have been given the opportunity to buy a limited-edition print commissioned to commemorate the 30th anniversary of the Piper Alpha tragedy.

 

The Trust commissioned a total of 167 prints, one for each individual life lost in the disaster, from local artist and long-term supporter, Elizabeth McAlpine, who donated the artwork from her portfolio. Each of Elizabeth’s prints feature the Memorial Monument created by sculptor, Sue Jane Taylor, together with preparatory sketches and a detailed description of the sculpture which depicts three offshore workers. The charity has maintained the Memorial Garden in Aberdeen’s Hazlehead Park since 2013.

 

Matt Abraham, Oil & Gas UK’s Health and Safety Director, said:

“Funds raised from the sale of the prints will help pay for the ongoing maintenance of the Piper Alpha Memorial Rose Garden and Oil & Gas UK is happy to support the Trust’s efforts to ensure it remains a place of reflection and remembrance for those who survived that night and for the families and friends of those who lost their lives.”

 

Those wishing to support the upkeep of the Memorial gardens by purchasing a professionally framed print at a cost of £267 are advised to contact Steve Rae, Chairman of the Trust, at Steverae1962@hotmail.com to obtain a print number which they can reference when making a payment. The Trust’s  Just Giving website is at https://www.justgiving.com/fundraising/poundforpipermemorialtrustprintsales .

ENDS

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • The Pound for Piper Memorial Trust aims to raise funds to pay for the upkeep of the gardens and Piper Alpha memorial for many years to come.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

 

The leading representative association for the UK’s offshore oil and gas industry has said that a fresh round of funding for decommissioning projects, announced by the Scottish Government today, has the potential to bolster the supply chain’s standing on the world stage.

 

£5 million has been made available in the Scottish Government’s Decommissioning Challenge Fund with a widened scope to cover both capital and resource projects. Applications for the latest round are now being accepted and will close on the 28 September 2018.

 

In response to the latest announcement from the Decommissioning Challenge Fund, Oil & Gas UK Supply Chain director, Matt Abraham said:

 

“The UK’s offshore oil and gas industry has a world-class supply chain with the capabilities and expertise to lead the way in decommissioning.

 

“With a commitment to reducing decommissioning costs while serving this legal obligation, this fresh round of funding has the potential to bolster the supply chain’s reputation and open new opportunities in emerging markets.

 

“The decommissioning market is now a steady feature on the UKCS landscape alongside continued upstream operations. Our message to the supply chain is to realise the potential of this opportunity  and help establish the UK plc as a leader in this area.”

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / ncoupar@oilandgasuk.co.uk

 

Share Fair, the flagship business development event aimed at highlighting supply chain opportunities, was launched by Oil & Gas UK’s chief executive, Deirdre Michie, in Great Yarmouth yesterday (July 18).

 

Speaking during a visit to a new facility and centre of excellence established by the technology service company, Proserv, Deirdre Michie explained that Share Fair 2018 is being refocussed to give supply chain companies greater access and early engagement with potential clients via senior operational and technical staff with their knowledge of forthcoming UKCS developments.

 

The refreshed industry event takes place on October 31 in Aberdeen’s Exhibition and Conference Centre, with more than 500 delegates and over 10 major purchaser companies expected to attend.

 

Commenting, Deirdre Michie said:

 

“I was delighted to be in Great Yarmouth to launch Share Fair 2018 as the East of England is a major energy hub for our industry.

 

“Supply chain companies such as Proserv contribute to the UK’s global exports of almost £12 billion of goods and services.  Over the past 50 years of oil and gas production, the supply chain has successfully developed throughout the UK. Building on this success is critical not only for our industry, but for the UK’s economy.

 

“Investment is slowly returning to the basin and activity levels are starting to rise, hopefully opening fresh opportunities for the supply chain. At our Share Fair there will be a great opportunity for companies to showcase their capabilities to potential clients.
Iain Smith, Proserv’s UK Regional President, added: “We were delighted to welcome Deirdre to Artemis House, our newly opened Centre of Excellence in Great Yarmouth, to showcase our subsea controls offering and champion the areas that matter to companies like Proserv. Now that investment is, indeed, returning to the basin, we are well equipped to work hand in hand with the industry to optimise production in as cost-effective a way as possible, utilising our extensive technology portfolio.”

Oil & Gas UK has developed a dedicated Share Fair microsite which is available via its website here where there is also access to information about sponsorship options and exhibition opportunities.

ENDS

 

Notes to Editors

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

Commenting on the news that production efficiency on the UKCS has improved for a fifth consecutive year, rising to 74% according to a new report released by the Oil and Gas Authority, Ross Dornan, Oil & Gas UK’s Market Intelligence Manager, said:

“Preventing production losses and improving efficiency is a vital cog in efforts to maximise economic recovery from the UK Continental Shelf.

“While any improvement should be welcomed, industry needs to hold firm in its relentless pursuit of efficiency to ensure we are as competitive a basin as we can be.

“Put in context, these specific improvements contributed to around two percent of total UKCS production. We must continue to go further and more quickly in efforts to achieve 80 percent target for production efficiency.

“This will support wider efforts to create the optimum conditions for growth – including improved production efficiency, securing investment to the basin and supporting a robust and healthy supply chain.”

NB The report, UKCS Production Efficiency in 2017, compares actual production to the theoretical maximum economic potential of the fields (and associated infrastructure), compared to previous years. PE is an important indicator for the industry and the OGA as a core element of production optimisation and asset stewardship performance.

Ends

 

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar, Communications Manager on 01224 577343 / ncoupar@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

This information paper has been produced by a Task Finish Group comprising representatives from the supply chain community. It discusses the sustainability of the cost reductions the industry has delivered during the recent downturn and outlines how the underlying themes including collaboration, standardisation and business behaviours contribute to progress.

Ninth offshore decommissioning conference to tackle cost and collaboration challenges

The ninth Offshore Decommissioning Conference run jointly by Oil & Gas UK and Decom North Sea, takes place from 26 – 28 November at the Fairmont Hotel, St Andrews, with around 450 industry professionals expected to attend.

Over the past decade, decommissioning of the North Sea’s oil & gas assets and infrastructure has steadily risen within the industry agenda. The Offshore Decommissioning Conference reflects this, having grown in stature to become the go-to event for those aiming to leverage North Sea mature basin expertise towards ensuring the UK becomes a world-class centre of decommissioning excellence.

Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

“The decommissioning market is likely to remain pretty stable providing the UK supply chain with a steady work flow and an opportunity to develop highly exportable world-class capabilities. Decommissioning is becoming an integral part of the oil and gas industry and lessons learned from the growing number of completed projects are being applied to current and future projects to improve efficiency. Supporting the UK supply chain in developing competitive decommissioning capabilities is critical to our ability to compete for work both in the UK and maturing basins around the world.”

With annual decommissioning expenditure of £1.5-2 billion predicted over the next decade, the Oil and Gas Authority has set a decommissioning cost-reduction target of 35%.  Initiatives underpinning the industry’s drive to deliver this goal feature prominently on this year’s agenda including the drive to reduce well decommissioning costs; a focus on strategies that address the question of operators’ long- term liabilities and a review of the potential for innovative decommissioning contacting models and improving sector-wide efficiency of project delivery.

The impact of science and technology on decommissioning will be explored throughout the conference, where around 30 companies will be showcasing the technology and methodologies designed to address the challenges discussed during the event.

Commenting on the significance of the conference, John Warrender, Decom North Sea’s Chief Executive said:  “Decommissioning is no longer a thing of the future. Predictable operator project execution, better market visibility for the supply chain, improved regulatory engagement, together with aggregation and economies of scale, new technology and genuine knowledge-sharing are becoming critical and urgent issues that require collaborative industry attention.

“As the new Chief Executive of Decom North Sea, I am committed to ensuring that this year’s conference is geared towards addressing these issues, providing the industry’s most effective networking platform to help delegates develop solutions together.”

ENDS

 

 

 

 

Innovation takes centre stage as supply chain eyes future growth 

 

New developments, exciting opportunities and increasing optimism dominated Oil & Gas UK’s Share Fair today where major buyer companies highlighted the wave of UK North Sea opportunities to companies keen to understand the growing market for their expertise, products and services.  

More than 550 people from industry attended to hear presentations from major companies on their forward plans in greater detail highlighting some of the £15 billion the industry will be spending on exploring for new resources, developing them, operating existing assets and decommissioning. 

Innovative changes to Oil & Gas UK’s popular 1-2-1 sessions meant the suppliers were matched to major buyers based on how best they could meet challenges.

John McColl, Oil & Gas UK’s supply chain manager, said:  

“Innovative thinking has come under the spotlight throughout the day with many companies demonstrating a readiness to consider new ideas including in our Innovation Forum. Share Fair provides suppliers with a valuable opportunity to gather feedback on their enterprising solutions.  

“Many of the major purchasers at the event today highlighted opportunities at home, abroad and in other sectors for our world-class supply chain. This is key to industry’s Vision 2035 and expanding supply chain growth.  

“It’s been a great day for building the supply chain the industry needs to meet the challenges of the future.” 

Wood highlighted innovation, digitalisation and data-centric solutions, encouraging companies to register on their supplier list to help them deliver major international projects. As a thought leadership provider, the Advanced Forming Research Centre & High Value Manufacturing Catapult outlined its role in influencing and informing more than 140 strategic forums in different industrial sectors.  

Chrysaor focused on four challenges for which supply chain solutions are being sought including flow lines from marginal wells, maintenance optimisation, late-life compression projects and corrosion under pipe support while also highlighting future investment in the UKCS and Norway. 

West of Shetland is set to be a hive of activity with both BP and Total E&P highlighting future work in this frontier area. Renewal, increasing production efficiency and a renewed commitment to the UK North Sea featured in BP’s presentation which emphasized the need to find suppliers with new and nimble ways to deliver projects such as subsea tie-backs and well intervention cost-effectively.  

Alongside plans to continue activities in west of Shetland, where it is exploring options for its Glendronach discovery, Total outlined maintenance, repair and upgrade opportunities for its assets in the Northern North Sea as well as in 

Reflecting the industry’s increasingly collaborative mindset, Independent Oil and Gas combined with major contractor, ODE Asset Management, to deliver a joint presentation looking at progress on its Vulcan and Blythe assets as well as opportunities for the supply chain in asset management.  

A variety of workscopes throughout the full lifecyle of offshore assets characterised WorleyParson’s presentation. They are looking for supply chain support to help them with projects they are working on with BP, Shell and Chevron. Potential contracts in the portfolio include some engineering procurement and construction work in areas including Clair Ridge.  

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force launched e series of new case studies at Share Fair, providing delegates with an insight into the tools and guidance available to optimise supply chain resilience and growth.  

ENDS

 

Innovators’ ideas come under expert scrutiny at Oil & Gas UK’s Share Fair

Industry experts from Equinor, Premier Oil, Spirit Energy and Nexen Petroleum U.K. Limited (Nexen), a wholly-owned subsidiary of CNOOC Limited, have selected seven forward-thinking companies and organisations to participate in Oil & Gas UK’s new Innovation Forum which launches at Share Fair in Aberdeen’s Exhibition and Conference Centre on October 31.

Matt Abraham, Oil & Gas UK’s Supply Chain Director, said:

“The industry’s longevity is thanks to the ground-breaking thinking and technological innovations our world class supply chain has developed and it’s great to have major companies supporting our first Innovation Forum. It’s aimed at giving people with bold and enterprising ideas access to advice and feedback from industry experts whose skill is identifying opportunities where both parties could work collaboratively to deliver solutions that address key challenges.

“We’ve had a great diversity of organisations submitting interesting concepts for the Forum. The seven successful candidates preparing to pitch their innovative solutions are the Advanced Forming Research Centre (AFRC); Altrad; Apollo; Centrifuges Un-Limited; Nalco Champion; Eigen and M&P Oil and Gas Solutions.”

With investment in the UK North Sea expected to exceed £15 billion over the next year, 21 major purchaser companies are keen to meet suppliers offering fresh input on services and expertise at Share Fair’s one-to-one business meetings which are proving extremely popular. These companies are Advanced Forming Research Centre (AFRC) and High Value Manufacturing Catapult; Apache North Sea; BP; Chrysaor; Chevron Upstream Europe; ConocoPhillips (U.K.) Limited; Craig International; EnQuest; EPIM; Halliburton; Independent Oil & Gas PLC (IOG) and ODE Asset Management Limited (ODE AM); Nexen; Premier Oil; Shell U.K. Limited; Spirit Energy; Subsea 7; TAQA; TOTAL E&P UK Limited; Wood and WorleyParsons.

Oil and Gas Authority head of supply chain Bill Cattanach added: “As the industry has evolved it is now generally accepted most of the new and enabling technologies are developed by the supply chain. There can however be disconnect between operators and the innovation community and the re-energised Share Fair concept recognises and addresses this gap through the new Innovation Forum.”

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force will be launching a series of new case studies at Share Fair, where delegates can gain insight into the tools and guidance available to optimise supply chain growth and improve industry performance.

Ends

Offshore Decommissioning Conference

The 2018 conference, run jointly by Decom North Sea and Oil & Gas UK, will take place from 26 – 28 November 2018 at the Fairmont Hotel, St Andrews.

Investment conditions key as industry at crossroads

The leading representative body for the UK’s offshore industry has warned the sector is at a crossroads as it publishes its Economic Report 2018.

Oil & Gas UK highlighted findings which show an improved landscape for the sector, with reduced costs, competitive fiscal terms, improved operational performance and more stable oil and gas prices.

However, Oil & Gas UK Chief Executive Deirdre Michie today warned about the impact of record low drilling activity and a potentially damaging supply chain squeeze.

Speaking to an audience of industry leaders today, Deirdre Michie said the Economic Report 2018 shows investment conditions remain key to the long-term future of the UK offshore oil and gas industry.

 

It comes as the report shows:

  • Operating costs have halved and are now being sustained at around $15/boe
  • Production is on track to be 20 percent higher than 2014
  • More major new projects have been sanctioned by Exploration and Production (E&P) companies so far this year than the last 2 years combined

However, this recovery is yet to be felt across the whole of the sector, with the report noting:

  • Four exploration wells were spudded in the first eight months of the year – and even with more wells to come, total exploration activity this year expected to be the lowest since 1965. The capacity of the supply chain has been reduced in recent years, as revenues and margins continue to be squeezed.
  • By 2021 there could be capacity constraints emerging across the supply chain, as a result of the reductions in recent years and an expected increase in new development activity at home and abroad. The constraints are expected to be felt most across drilling and wells services and within engineering and subsea sectors.

 

Speaking ahead of a report launch to industry leaders in Aberdeen and London today, Oil & Gas UK Chief Executive Deirdre Michie said:

“Industry is emerging from one of the most testing downturns in its history. However, the steps that have been taken by industry, government and the regulator have delivered tangible results.

“Despite the improvements seen in recent years, we find ourselves at a crossroads.  Record low drilling activity, coupled with the supply chain squeeze, threaten industry’s ability to effectively service an increase in activity and maximise economic recovery.

“The UK Continental Shelf is a more attractive investment proposition – our challenge now is to take advantage of this.

“We have to drive an increase in activity while continuing to find and implement even more efficient ways of working which support the health of supply chain companies whilst also keeping costs under control.

“It shows that investment conditions remain key to the long-term future of the North Sea industry.

“Choosing the correct direction of travel is critical to securing our ambition for the future, outlined in Vision 2035. The sector deal is a further important step in delivering this vision.

“Essential for security of energy supply, supporting hundreds of thousands of skilled jobs and contributing billions to the economy, this is a vital industry. As our Economic Report shows, with the right stewardship across the industry, it will continue to play a leading role for many decades to come.”

Specialists from diverse sectors to address the cyber security challenge at seminar

Seven speakers specialising in staying ahead of the game in cyber security will be sharing their expertise at Oil & Gas UK’s seminar on the topic at Aberdeen Exhibition and Conference Centre on September 18 sponsored by ABB.

Dr Alix Thom, Oil & Gas UK’s Workforce Engagement and Skills Issues Manager, said:

“Cooperation and sharing information within the industry is crucial to help companies collectively respond to emerging threats. It’s also important to learn from other sectors about how they manage risks and ensure safe and sustainable operations. Our speakers include representatives from the police, government, legal and insurance sectors, whose expertise will help deepen our understanding of new and ever-evolving realities in the global security environment.”

Clare Dobson of the Energy Cyber Security Team at the Department of Business, Energy and Industrial Strategy (BEIS) will deliver the keynote speech with speakers for the day including:

  • Ben Dickinson, Cyber Security Consultant, ABB, and previously from the UK’s National Cyber Security Centre (NCSC), part of GCHQ
  • Detective Constable Richard Scott, Counter Terrorism Security Adviser, Police Scotland
  • Ross McKenzie, Partner at Addleshaw Goddard LLP with responsibility for advising on all things data protection, technology and intellectual property
  • Joe Goodlad, Principal Cyber Security Specialist, ADC (Aberdeen Drilling Consultants)
  • Francis Lobo, Head of Upstream Oil and Gas Engineering at insurance firm, Canopius
  • John Duncan, Senior Advisor Emergency Preparedness & Security, Total E&P

The format of the event will consist of 3 sessions, each followed by a Q&A with panel discussion, closing at 3.00pm.

Notes to Editors

  1. Details of the event are available on the website
  2. Issued by the Communications Team, Oil & Gas UK. Contact Communications Advisor, Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk
  3. Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Spirit Energy’s investment in Hurricane’s West of Shetland assets welcomed by industry

Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:

“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”

 

More information available here .

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

  •     Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

New North Sea entrants to share stage with supermajors at Share Fair 2018

Enterprising new entrants to the UK North Sea sector will be joining supermajors and large contractor companies at Oil & Gas UK’s Share Fair in Aberdeen to highlight a rising number of supply chain opportunities on October 31.

Matt Abraham, Oil & Gas UK’s supply chain director, said:

“Looking at the year ahead, industry expects to spend more than £15 billion on exploring for new resources, developing them, operating existing assets and decommissioning with Share Fair providing the ideal place to hear about these in more detail.

Investors are recognising the sector’s ability to effectively manage costs and deliver operations efficiently. More independent operators are entering the basin, introducing some innovative business models and helping to breathe new life into the UK Continental Shelf (UKCS). We’re building on this by promoting early focused engagement between suppliers and potential clients which is key to helping a competitive and competent supply chain develop.”

2018 sees a higher number and broader spectrum of companies ready to share information about future business opportunities via presentations or pre-booked 1-to-1 engagement sessions. These include new companies Chrysaor, Independent Oil & Gas (IOG) and Spirit Energy together with Apache North Sea, BP, Chevron Upstream Europe, ConocoPhillips, Craig International, Halliburton, Nexen Petroleum UK, Shell Upstream International, Subsea 7, Total E&P UK and WorleyParsons.

Phil Kirk, chief executive, Chrysaor, said:

“Chrysaor recognises the value that can be generated by collaborating with our supply chain.  We see the Oil & Gas UK Share Fair as one of the ways we can bring new technology, innovation and fresh ideas to our future business plans.”

For the first time, suppliers booking a 1-to-1 slot at this year’s Share Fair will gain advance access to detailed information about companies’ future requirements for goods, works and services. This is intended to add greater value to the conversations at Share Fair that both parties will have in support of the shared aim of unlocking the full potential of the UKCS.

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information is available on the website.

Ends

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 /lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018.

Oil & Gas UK responds to Premier Oil’s announcement about its Tolmount development

Commenting on the news today (August 20) that Premier Oil has taken a final investment decision on the Tolmount gas field development project, Ross Dornan, Oil & Gas UK’s market intelligence manager, said:

“This is a clear example of how companies operating on the UK Continental Shelf can successfully adopt collaborative and innovative commercial models to re-scope a development concept. It demonstrates the value of upstream and midstream operators working closely together to stimulate investment and deliver a project that is critical to maximising economic recovery from the UK North Sea, ensuring continuation of an indigenous gas supply as well as providing new activity for supply chain companies.”

 

ENDS

 

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon 01224 577331 / lgordon@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Deadline looms for Share Fair’s discount bookings

Delegates keen to secure early bird bookings for Oil & Gas UK’s Share Fair 2018 which takes place in Aberdeen in October, have until August 24 to make the most of the discount rates on offer.

 

John McColl, Oil & Gas UK’s Supply Chain Manager, said:

“Share Fair is rightly perceived as a key business development event but along with the changes much of the industry has embraced during the downturn, we’re ensuring it evolves to deliver increased value to all participants, whether buyer or supplier.

 

“Our priority is to improve access to information and generate better opportunities for early focused engagement so that operators, major contractors and suppliers can find ways to work more effectively together. This is one of the ways we are driving greater competitiveness across the sector to help unlock the full potential of the UK Continental Shelf.”

 

Neil Sims, Vice President for Expro’s Europe CIS region, said:

“As we move into the next phase of the UKCS, stronger engagement between operators, contractors and the wider supply chain is vital if we are to maximise the potential from our region.  This approach will allow us to deliver value-adding solutions that push the boundaries of innovation, technology and efficiency – something we cannot achieve independently.”

 

Operators and major contractor companies will be giving presentations at Share Fair but this year they’ll provide the supply chain with detailed information about current and future commercial opportunities from a technical and operational perspective.

 

To increase the effectiveness of the event’s popular one-to-one business discussions, Oil & & Gas UK is currently working with purchaser companies to market and match their requirements with the most appropriate potential suppliers to ensure that conversations taking place on the day are of real value to both parties.

 

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information about early bird bookings is available on the website

Ends

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 / lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018

Chartered Institute of Procurement & Supply

Neptune Energy Group’s acquisition of interests in Seagull and Isabella assets welcomed by industry

Commenting on Neptune Energy Group’s (Neptune) decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK Central North Sea, Deirdre Michie, Oil & Gas UK’s chief executive, said:

 

“Neptune’s interest in the Seagull development and the Isabella prospect reflects its confidence in the continued potential of the UK Continental Shelf and the basin’s growing competitiveness.

 

“These transactions will help unlock future opportunities for industry, making optimum use of existing infrastructure in the Central North Sea and enabling the timely and economic development of new fields in a key hub.”

 

 

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Local business rallied to support Pound for Piper charity

Supporters of the Pound for Piper Memorial Trust, have been given the opportunity to buy a limited-edition print commissioned to commemorate the 30th anniversary of the Piper Alpha tragedy.

 

The Trust commissioned a total of 167 prints, one for each individual life lost in the disaster, from local artist and long-term supporter, Elizabeth McAlpine, who donated the artwork from her portfolio. Each of Elizabeth’s prints feature the Memorial Monument created by sculptor, Sue Jane Taylor, together with preparatory sketches and a detailed description of the sculpture which depicts three offshore workers. The charity has maintained the Memorial Garden in Aberdeen’s Hazlehead Park since 2013.

 

Matt Abraham, Oil & Gas UK’s Health and Safety Director, said:

“Funds raised from the sale of the prints will help pay for the ongoing maintenance of the Piper Alpha Memorial Rose Garden and Oil & Gas UK is happy to support the Trust’s efforts to ensure it remains a place of reflection and remembrance for those who survived that night and for the families and friends of those who lost their lives.”

 

Those wishing to support the upkeep of the Memorial gardens by purchasing a professionally framed print at a cost of £267 are advised to contact Steve Rae, Chairman of the Trust, at Steverae1962@hotmail.com to obtain a print number which they can reference when making a payment. The Trust’s  Just Giving website is at https://www.justgiving.com/fundraising/poundforpipermemorialtrustprintsales .

ENDS

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • The Pound for Piper Memorial Trust aims to raise funds to pay for the upkeep of the gardens and Piper Alpha memorial for many years to come.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

 

Decommissioning fund expansion could spell global opportunities for offshore supply chain

The leading representative association for the UK’s offshore oil and gas industry has said that a fresh round of funding for decommissioning projects, announced by the Scottish Government today, has the potential to bolster the supply chain’s standing on the world stage.

 

£5 million has been made available in the Scottish Government’s Decommissioning Challenge Fund with a widened scope to cover both capital and resource projects. Applications for the latest round are now being accepted and will close on the 28 September 2018.

 

In response to the latest announcement from the Decommissioning Challenge Fund, Oil & Gas UK Supply Chain director, Matt Abraham said:

 

“The UK’s offshore oil and gas industry has a world-class supply chain with the capabilities and expertise to lead the way in decommissioning.

 

“With a commitment to reducing decommissioning costs while serving this legal obligation, this fresh round of funding has the potential to bolster the supply chain’s reputation and open new opportunities in emerging markets.

 

“The decommissioning market is now a steady feature on the UKCS landscape alongside continued upstream operations. Our message to the supply chain is to realise the potential of this opportunity  and help establish the UK plc as a leader in this area.”

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / ncoupar@oilandgasuk.co.uk

 

Supply chain urged to grab opportunity as Deirdre Michie launches 2018 Share Fair

Share Fair, the flagship business development event aimed at highlighting supply chain opportunities, was launched by Oil & Gas UK’s chief executive, Deirdre Michie, in Great Yarmouth yesterday (July 18).

 

Speaking during a visit to a new facility and centre of excellence established by the technology service company, Proserv, Deirdre Michie explained that Share Fair 2018 is being refocussed to give supply chain companies greater access and early engagement with potential clients via senior operational and technical staff with their knowledge of forthcoming UKCS developments.

 

The refreshed industry event takes place on October 31 in Aberdeen’s Exhibition and Conference Centre, with more than 500 delegates and over 10 major purchaser companies expected to attend.

 

Commenting, Deirdre Michie said:

 

“I was delighted to be in Great Yarmouth to launch Share Fair 2018 as the East of England is a major energy hub for our industry.

 

“Supply chain companies such as Proserv contribute to the UK’s global exports of almost £12 billion of goods and services.  Over the past 50 years of oil and gas production, the supply chain has successfully developed throughout the UK. Building on this success is critical not only for our industry, but for the UK’s economy.

 

“Investment is slowly returning to the basin and activity levels are starting to rise, hopefully opening fresh opportunities for the supply chain. At our Share Fair there will be a great opportunity for companies to showcase their capabilities to potential clients.
Iain Smith, Proserv’s UK Regional President, added: “We were delighted to welcome Deirdre to Artemis House, our newly opened Centre of Excellence in Great Yarmouth, to showcase our subsea controls offering and champion the areas that matter to companies like Proserv. Now that investment is, indeed, returning to the basin, we are well equipped to work hand in hand with the industry to optimise production in as cost-effective a way as possible, utilising our extensive technology portfolio.”

Oil & Gas UK has developed a dedicated Share Fair microsite which is available via its website here where there is also access to information about sponsorship options and exhibition opportunities.

ENDS

 

Notes to Editors

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

NOF Energy-North East England

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

NOF Energy – North East England

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

NOF Energy – North East England

NOF Energy provides a comprehensive range of business development services in the North East of England. These services have been created with members in mind, to help them meet new contacts, forums to network on a regular basis, receive updates on the sector, raise their profile and to hear about forthcoming projects and business opportunities.

Oil & Gas UK responds to the OGA’s UKCS Production Efficiency in 2017 report

Commenting on the news that production efficiency on the UKCS has improved for a fifth consecutive year, rising to 74% according to a new report released by the Oil and Gas Authority, Ross Dornan, Oil & Gas UK’s Market Intelligence Manager, said:

“Preventing production losses and improving efficiency is a vital cog in efforts to maximise economic recovery from the UK Continental Shelf.

“While any improvement should be welcomed, industry needs to hold firm in its relentless pursuit of efficiency to ensure we are as competitive a basin as we can be.

“Put in context, these specific improvements contributed to around two percent of total UKCS production. We must continue to go further and more quickly in efforts to achieve 80 percent target for production efficiency.

“This will support wider efforts to create the optimum conditions for growth – including improved production efficiency, securing investment to the basin and supporting a robust and healthy supply chain.”

NB The report, UKCS Production Efficiency in 2017, compares actual production to the theoretical maximum economic potential of the fields (and associated infrastructure), compared to previous years. PE is an important indicator for the industry and the OGA as a core element of production optimisation and asset stewardship performance.

Ends

 

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar, Communications Manager on 01224 577343 / ncoupar@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Oil & Gas UK Cost Sustainability Information Paper

This information paper has been produced by a Task Finish Group comprising representatives from the supply chain community. It discusses the sustainability of the cost reductions the industry has delivered during the recent downturn and outlines how the underlying themes including collaboration, standardisation and business behaviours contribute to progress.