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Commenting on Edinburgh University’s oil and gas study published today, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“There are up to 20 billion barrels of oil and gas resources still to be recovered on the UK Continental Shelf, based on production forecasts provided by the Oil and Gas Authority.

“Production has increased over the last two years and we expect that to continue to rise. Significant new capacity has been added to the UKCS. Nine new fields began production in 2016 and a further seven started producing in the first half of this year – most of which will still be producing in 2030.  A further 12 are due on-stream by the end of next year. Some notably large developments will still be producing towards 2050. Advances in technologies are also presenting fresh opportunities and helping make discoveries commercially viable.

“To ensure the remaining potential of the UKCS is realised, we need to keep operating costs low, bring in new investment and maintain a relentless focus on exploration and enhanced recovery.

“The UK Government forecasts that two thirds of the UK’s energy will come from oil and gas in 2035. We must maximise recovery of our domestic resources so that we can continue to help to meet the UK’s energy needs and safeguard the 300,00 UK jobs our industry supports.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Philips on 01224  577279/ [email protected]

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.

ETF Chairman Walter Thain at Offshore Europe

The team behind a pioneering initiative tasked with improving the global competitiveness of the UK’s offshore oil and gas industry, credits its success to businesses adopting an “open door to change” mindset.

The Efficiency Task Force (ETF), which marks its second anniversary this week, today revealed that over 80 companies are represented across its projects and activities. More than 40 businesses operating in the UK Continental Shelf have now signed the Industry Behaviours Charter, with a further 43 active efficiency champions driving good practice within their organisations.

Speaking to members at Oil & Gas UK’s stand at Offshore Europe, ETF Chairman, Walter Thain, today rallied industry to keep up the momentum behind its efficiency drive.

He said: “Since our launch in 2015, the ETF has undertaken a range of pan-industry initiatives which aim to promote and deliver greater efficiency in the UK’s oil and gas sector.

“Through improved efficiency we can ensure the basin is more sustainable and globally competitive. This means finding leaner, smarter and more innovative ways of working.

“In a short space of time we have achieved a great deal. For example, the industry guidelines promoted by the ETF are being successfully used by industry, as it reduces duplication and standardises processes. Our pioneering Efficiency Hub holds over 100 case studies that demonstrate the positive impact of these improvements.

“These initiatives have been successful because businesses have kept the door open to change. I am keen for us to build on this positive approach as we take the ETF forward into the next crucial stage.”

ENDS

Notes to Editors

  1. Outline of ETF achievements:
  • The ETF’s achievements demonstrate cultural change, simplification and improved business processes
  • Launch of Efficiency Hub launched in June 2017, providing one-stop shop for efficiency initiatives which help industry improve its performance. This includes tools, case studies, sign post to industry initiatives, guidelines
  • 80 companies represented across ETF projects and activities
  • 43 active efficiency champions who innovate, drive change and challenged old habits
  • 134 downloads of Subsea Application Guidelines
  • 40 downloads of Compression System guidelines promoted in July 2017
  • Launch of Efficiency Accumulator, which gives an overview of how well the industry is performing
  • 7 ETF Roadshows held, each attended by up to 150 employees

 

Issued by the Communications Team, Oil & Gas UK. Contact Communications Adviser Natalie Coupar 07531407007 / [email protected]

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.

 

 

Almost $6 billion worth of mergers and acquisitions have taken place in the UK oil and gas sector in the first half of the year – sending a strong vote of confidence in a basin that has been grappling with the challenges of a major downturn, a new report reveals today (September 6).

Assets changing hands and the increasing diversity in their ownership suggests that the UK Continental Shelf may start to benefit from a badly needed investment boost, says Oil & Gas UK’s Economic Report 2017 – the trade body’s annual review of industry performance and outlook, launched at Offshore Europe: a major industry conference and exhibition taking place this week in Aberdeen.

Although market conditions remain difficult, the report demonstrates that the UK sector is reinventing itself. It is differentiating its offering from competing oil and gas provinces with its efficiency gains, fiscal competitiveness and world-class supply chain. While investors still want more certainty over Brexit and clarity over the role of oil and gas through a more comprehensive energy policy, the transformation underway is restoring the UK’s position as an attractive basin for investment – and one still supporting over 300,000 UK jobs.

The challenge now is to ensure this renewed interest in the basin translates into tangible activity that could help unlock around £40 billion worth of potential development opportunities known to be in company business plans.

The Economic Report also shows:

• Companies are becoming more efficient and competitive – better placed to cope with the lower oil price environment

• The cost of lifting oil from the North Sea has almost halved since 2014 – this improvement to unit operating cost is greater than improvements achieved by any other basin

• Production has increased by 16% since 2014 – driven by production efficiency improvements, brownfield investment and new field start-ups

• Businesses have rationalised but the pace of contraction is slowing• Over 300,000 UK jobs are now supported by the sector

• Changes to the tax regime have helped create one of the most competitive fiscal regimes for upstream investment globally

While confidence is slowly returning, challenges continue across the sector. The report says:

• The low levels of exploration and appraisal activity remain a serious concern with drilling at record lows

• The basin still needs further fresh capital investment, as only three new field approvals have been sanctioned since the start of 2016

• If activity does not pick up this could have further negative implications for jobs that could threaten core capabilities

• Industry needs the UK Government’s ongoing commitment to the Driving Investment Plan and for Government to implement transferable tax history (TTH) to facilitate asset transfer

Deirdre Michie, Chief Executive of Oil & Gas UK, said: 

“There are still serious issues facing our industry which has suffered heavy job losses since the oil price slump. But we are hopeful that the tide is turning and expect employment levels to stabilise if activity picks up.

“Despite our difficulties, we’ve got more reasons to be positive and some great stories to tell that demonstrate the real progress that we are now making.

“Our sector is successfully re-positioning through efficiency and cost improvements. We are transforming in a way that is getting UK oil and gas back in the game.

“We are increasingly being seen as a much more attractive basin in which to invest with further M&A activity expected over the remainder of this year and into the next.

“Although we are getting to a much better place, we still need further investment to generate new activity and sustain hundreds of thousands of UK jobs.

“While industry will maintain its relentless focus on improving its cost and efficiency performance, Government can continue to play its part – by developing a clear energy policy that reinforces the role for oil and gas in the Industrial Strategy, supporting a Sector Deal and confirming in the Autumn Budget that decommissioning tax relief will be modified to support further investment activity.

“Our potential is captured in Vision 2035 – an aspiration for our sector that shows that we can continue to deliver hundreds of billions of pounds in revenue over the next generation and beyond if we maximise recovery of our resources and help our supply chain grow.

“With global oil and gas demand forecast expected to rise by 25% to 2035, we have a crucial part to play now and during the transition to a lower carbon future.

“It’s vital that industry and government work together to secure our future.  There are billions of barrels of oil and gas still to go after in our own back yard. Government and industry must make the most of the opportunity offered by our sector.”

• The Economic Report was being launched at a business breakfast briefing, sponsored by Deloitte, taking place at Offshore Europe.

ENDS

________________________________________

Oil & Gas UK’s Economic Report in September 2016 estimated that industry supported 330,400 jobs.  Following a re-run of analysis, industry not spending as much money as was predicted at the time of the report, and after the UK Government revised its ONS statistics, the trade body believes that the actual number of jobs supported at that time was 315,400. It now estimates that a total of 302,200 jobs are supported by industry.

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The growing physical and digital threats that the world faces today will be discussed by a panel of experts, including the BBC’s Security Correspondent Frank Gardner, at Offshore Europe on Wednesday (September 6).

The broadcast journalist and best-selling author, who was partially paralysed in the legs after being shot six times by terrorists in Saudi Arabia, will speak alongside leading security, intelligence and risk management consultant Dominic Armstrong and world-leader in electronic warfare Professor David Stupples at the session chaired by Oil & Gas UK Chief Executive Deirdre Michie.

“The world is a very different place these days with most weeks bringing dreadful stories of terror attacks and cyber breaches,” said Deirdre Michie.

“Now more than ever we need to be aware of the risks each of us could be exposed to in our personal and working lives.  Our Offshore Europe Cyber and physical attacks – understanding & managing the risks session will be an extremely topical and fascinating insight by three highly informed figures into the threats that exist today.”

Dominic Armstrong, co-founder of an innovative security and intelligence company and now President of Herminius, which provides insight and advice on political and security issues to many high-level clients, will give the first of three 25-minute talks.  He will give a geopolitical overview, with emphasis on historical background and cultural drivers.

Frank Gardner will then give a glimpse into what’s focusing minds in London and Washington with his strategic assessment of current threats.

David Stupples, Professor of Electronic and Radio Systems at City University London, will then discuss cyber threats including state sponsored terrorism.

A half-hour Q&A session with the panel will then close the session.

ENDS

Notes to Editors

  1. The keynote panel discussion – Cyber and physical attacks – understanding & managing the risks – takes place on Wednesday 6 September,10:00-12:00, in Gordon B, Aberdeen Exhibition and Conference Centre.

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected]

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 leading trade body for the UK offshore oil and gas industry has revealed its plans to promote the sector during Offshore Europe.

  • Oil & Gas UK will launch its flagship Economic Report 2017 this week (Wednesday 6 September) at a breakfast briefing event held at Aberdeen Exhibition and Conference Centre.
  • The organisation will host a trade stand promoting the work of industry’s Efficiency Task Force, which this month marks its second anniversary.
  • Chief Executive Deirdre Michie will chair a keynote panel discussion on cyber and physical attacks.

Deirdre Michie

Chief Executive

Speaking ahead of Offshore Europe, Oil & Gas UK Chief Executive Deirdre Michie said:

“As the voice of industry, we are proud to champion the best and brightest of the UK offshore oil and gas sector during this exciting week.

“Whilst we have been through the most testing times, we arrive at Offshore Europe confident that the steps we have taken are delivering the results we need and are setting us up for a positive future.

“I look forward to sharing this in greater detail at the launch of our flagship Economic Report.

“With all eyes on the industry, it is timely that Offshore Europe takes place as the Efficiency Task Force marks its second anniversary.

“I would encourage colleagues to visit our stand and learn more about this leading collective commitment to work effectively, efficiently and cooperatively.”

Ends

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.

An industry professional with over 20 years’ experience in the subsea pipelines business has been appointed to Oil & Gas UK’s board.

Phil Simons, VP North Sea & Canada at Subsea 7, will sit alongside the leading industry representatives responsible for setting Oil & Gas UK policy.

Mr Simons began his career in 1992 as an engineer for pipeline installation contactors and operators, European Marine Contactors, where he later became a senior project manager.

In 2004 he joined Subsea 7 in Aberdeen as a senior project manager, progressing through the business to become the Vice President for Canada, Mediterranean and Russia in 2011. Mr Simons became the Chief Operating Officer for UK & Canada and subsequently Vice President UK & Canada in 2013, before taking up the role of Vice President for North Sea & Canada in 2016.

Commenting on his appointment, Mr Simons said:

“I am very pleased to join the Oil & Gas UK board at such a pivotal and demanding time in our industry’s history, and I look forward to working closely with the other members to help harness the collaboration needed to take us through the unique challenges ahead.”

Oil & Gas UK Chief Executive Deirdre Michie said:

“With extensive commercial and engineering experience, the appointment of Phil Simons will further strengthen Oil & Gas UK’s board at a defining period for the industry.

“We have improved our cost base by 50 percent in two years, embedding efficiency as a core value and making our industry more globally competitive. There are up to 20 billion barrels of oil and gas yet to be recovered from the UKCS if we secure the appropriate conditions for investment.

“I would like to thank Oil & Gas UK’s board for their continued strategic guidance as we seek to maximise economic recovery from the mature basin, and warmly welcome Phil Simons.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / [email protected]

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.

  1. Responsibility for setting Oil & Gas UK’s position on policy matters lies with the Boardwhose members represent a cross-section of the industry.The Board comprises twelve representatives from operator companies; ten representatives from contractor/supply chain companies; one representative from a non-operator or independent oil company; and the chief executive of Oil & Gas UK.
  2. Industry members of the Board are appointed for a period of two years, at which point they are required to stand down and offer themselves up for re-election, with the ability to serve for a total period of five years. This ensures a rotation cycle and a broad representation of the membership on the Board.

Problem Statement

It is widely acknowledged that a significant proportion of oil and gas production is lost each year through plant downtime and system-related issues.

Aims

  • Explore new technologies that make use of existing operational data sources to provide analytical insights which enable decisions and interventions to maximise production uptime, enhance business performance and mitigate risk.

Method

  • Nexen engaged Operational Excellence (OPEX) Group to apply a predictive analysis service on the Buzzard platform to detect warning signs and identify emergent system failures, prior to the event occurring.
  • The scope of work covered the full process gas compression system on board Buzzard, including process separators, coolers, exchangers, gas compressors, drivers, valves and system instrumentation.

Impact

The service has delivered significant value, including:

  • A reduction in critical system failures or downtime
  • Reduced maintenance costs and the high cost of unplanned equipment repairs
  • Identification of performance improvement opportunities
  • Highlighted rapidly escalating problems and longer term threats at a very early stage

Following the initial pilot in 2015, the service has been implemented on a longer-term basis on additional systems on Buzzard and other Nexen assets.

Total savings anticipated

 

$20 million production revenue safeguarded in 2016.

Organisers of a prestigious industry awards event have said it’s still not too late to recognise industry talent.

Nominations for the Oil & Gas UK 2017 annual awards, sponsored by Shell U.K. Limited, will close on the afternoon of Friday 11 August.

A key event in the upstream industry calendar, Aberdeen’s Exhibition and Conference Centre is the venue for the November 2 awards, which are expected to attract interest from key energy hubs around the UK.

Oil & Gas UK Business Excellence Director Stephen Marcos Jones said: “Our industry is driven by the talent and expertise of its people. There is still time to put forward your nomination and shine a light on the individuals or companies you believe champion good practice.”

Nominations are open in the following categories:

• Apprentice of the Year – sponsored by OPITO

• Graduate of the Year – sponsored by ECITB

• Mentor of the Year• Diversity and Inclusiveness

• Business Innovation (SME and Large Enterprise)

• Workforce Engagement (SME and Large Enterprise)

• MER UK Award – sponsored by Oil and Gas Authority

• Ultimate Gold Award – in association with the Press and Journal

Find out more information on the categories and how to nominate here.

ENDS 

Notes to Editors

Issued by the Communications Team, Oil & Gas UK.

Contact Natalie Coupar 01224 577343 / [email protected]

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.

A suite of updated guidelines published today, which ultimately aim to ensure the safety of offshore wells, underline industry’s commitment to continuously improve, Oil and Gas UK said today.

The trade body’s award winning guidelines are written by industry, for industry, and provide a true reflection and balanced perspective on industry good practice.

The guidelines were devised by the organisation’s Wells Forum, one of Oil & Gas UK’s formal bodies through which members’ representatives can share good practice, review wells-related industry issues, and interact with other industry stakeholders.

Oil & Gas UK’s Operations Optimisation Manager Katy Heidenreich said:

“Oil & Gas UK is grateful to the Wells Forum for their continued engagement and expertise. The guidelines are a prime example of the industry collaboration that our basin is becoming widely acknowledged for.”

Of the three guidelines published today, two are competency guidelines, with one aimed at assessing, managing and developing competency of wells personnel and teams and the other aimed at ensuring the competence of Well Examiners.

Guidelines for Well Operators on Competency of Well Examiners and Guidelines on Competency for Wells Personnel were updated as part of a scheduled review process. This review process aims to ensure that guidelines remain current and fit for purpose, and anticipate the challenges foreseen by the industry.

Guidelines for Well Operators on Well Examination has also been updated to reflect changes to safety regulations.

Katy Heidenreich added:

“The competency guidelines were introduced to address the core competencies for the key roles required to support safe and effective well operations. These are particularly important at a time when the UKCS is experiencing flux in the profile of its workforce.

“It is an important reflection of industry’s ongoing commitment to safety and best practice.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / [email protected]

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.

  1. The guidelines today comprise: Guidelines for Well Operators on Competency of Well Examiners (Issue 2), Guidelines on Competency for Wells Personnel (Issue 2), and Guidelines for Well Operators on Well Examination (Issue 2)
  2. Oil and Gas UK was awarded by a national engineering institute for its contribution to improving the safety and efficiency of UK offshore operations by publishing more than thirty peer-reviewed guidelines for the industry.
  3. Oil & Gas UK’s Wells Forum comprises representatives from over 45 well-operators and provides an interface with other industry stakeholders such as the drilling contractor and well services contractor communities.
  4. The Wells Forum is responsible for reviewing the following documents on a regular basis.
  • Blowout Preventer Issues
  •  Competency, Behaviours, Human and Organisational Factors
  • Well Integrity
  • Well Suspension and Abandonment
  • Well Capping
  • Relief Well Planning Requirements
  • Verification
  • Well Examination
  • High Pressure High Temperature
  • Process Safety Key Performance Indicators (KPI)

Supply chain firms supporting the oil and gas sector have been urged to grab an opportunity for growth and innovation as leading trade organisation Oil & Gas UK launched its 2017 Share Fair.

The high profile one-day event will be hosted at the Aberdeen Exhibition and Conference Centre on November 1. Its distinctive format attracted over 650 delegates in 2016.

Major operators and contactor companies will gather at the granite city venue to highlight forward work plans for the sector over the next 12-18 months.

Oil & Gas UK today revealed that more one-to-one sessions will take place this year than ever before.  The event will also include presentations from operators, tier 1 contractors and an exhibition showcasing the innovative products and technologies within the supply chain.

Stephen Marcos Jones, Oil & Gas UK’s director of business excellence, said:

“Share Fair 2017 is a great opportunity for the UK’s oil and gas supply chain.

“As confidence slowly returns to the basin, companies will be looking to build on the efficiency gains achieved in the last two years. The distinctive format of this event allows companies to directly identify the innovative solutions needed by major purchasers.

“It is why this event continues to be a huge success for the industry.

“We’re delighted to have secured the most one-to-one sessions of any Share Fair and look forward to revealing more exciting event details in the weeks leading up Share Fair 2017.

“We would urge any supply chain business looking to engage in the UK Continental Shelf to utilise this exciting chance to showcase their expertise.”

Leading service provider, Petrofac, is a keen supporter of the Oil and Gas UK Share Fair. Graham Wallace, Head of Commercial and Supply Chain for the Group’s Engineering and Production Services, West, business said:

“The personal format of this event ensures delegates have access to first-hand information about future development plans in the UKCS, and the challenges facing operators and contractors. It provides an excellent platform to showcase and share ideas, and to identify areas of collaboration that will help the supply chain drive further value through innovation and efficiency. We look forward to returning again this year.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577 343 / [email protected]

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.

  1. Share Fair 2017 will take place at Aberdeen Exhibition and Conference Centre on 1st November 2017. Tickets and sponsor opportunities are now available
  2. Oil & Gas UK’s annual one day event aims to improve the quality and quantity of information available to suppliers on the forward activity plans of operators and major contractors.The individual company presentations held through the day include a 20-30 minute seminar on major client purchaser project plans in the UKCS for the next 12-18 months, followed by a question and answer session.
  3. Presenting operators and contractors also offer dedicated ‘one to one’ sessions where suppliers can make pre-arranged appointments with key subject matter representatives and pursue client purchasing opportunities.

 

Oil & Gas UK has today welcomed the announcement by the Oil and Gas Authority that it has launched its 30th Offshore Licensing Round focusing on mature areas of the UKCS.

Oil & Gas UK’s upstream policy director, Mike Tholen, said:

“The launch of the 30th Offshore Licensing Round offers companies the exciting opportunity to bid for fresh acreage and an interesting inventory of yet to be developed discoveries.

“The OGA has worked closely with industry to prepare for the round and provide a wealth of data offering fresh insight on the potential of the UKCS.

“Cost effective deployment of technology will be critical to the success of the round and we support the 30th Round Technology Forum which the OGA and the Oil and Gas Technology Centre are co-hosting on 22 August 2017 to help make a success of the Licensing Round.

“Given the improved efficiency and cost effectiveness of the UKCS, the 30th Licensing Round has all the ingredients to prove successful for the UKCS, and indeed for the UK economy.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar 01224 577343/ [email protected]

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.

Highly anticipated industry guidelines designed to boost production efficiency in the UK Continental Shelf have been published by Oil & Gas UK.

Between 2004 and 2012 the UK Continental Shelf (UKCS) faced the significant challenge of a sustained decline in levels of production efficiency (PE), falling from 80 per cent to 60 per cent.

 

Guidelines to maximise compression system efficiency

Guidelines to Maximise Compression System Efficiency

 

Guidelines to Maximise Compression System Efficiency aims to address gas compression losses, which accounted for over 40 million boe (barrels of oil equivalent) in unplanned production losses in 2015.

The document was devised by the Production Efficiency Task Force, a cross-industry work group facilitated by Oil & Gas UK. The guidelines will be championed by the Efficiency Task Force and are available for free to Oil & Gas UK members through the recently launched Efficiency Hub.

It sets out recommendations and good practice for improving compression system performance, covering areas such as:

  • Compression system maintenance
  • Integrity assurance
  • Equipment and process condition monitoring, and,
  • Training and competency

It is recommended that companies have a “lessons learned” process to ensure continual improvement of maintenance procedures. A basic review would involve an assessment carried out after the execution of each maintenance activity, improving efficiency by providing a real-time response to any issues which arise.

Matt Nicol, Chairman of the Production Efficiency Task Force (PETF) and Operations Director of North Sea Midstream Partners, said:

“Since the establishment of the PETF in 2012, industry has improved for a fourth consecutive year and increased production efficiency from 60 percent to 73 percent in 2016.

“Gas systems are a key priority for our group, having been identified as being one of the largest sources of production loss.

“The Gas Compression Work Group, which produced this new guidance document, is made up of cross-industry expert volunteers who have worked together to share lessons learned and best practices.

“We have made great progress but still have more to do to achieve the PETF’s 80 percent production efficiency target. I encourage all operators to utilise this gas compression best practice guide.

“I’d like to thank all the industry volunteers who continue to provide their time and knowledge to support the PETF. Their hard work is making a real difference to the people who work in our industry.”

Stephen Marcos Jones, Oil & Gas UK’s director of business excellence, added:

“The drive to increase industry efficiency requires companies to adopt new ways of working and share lessons and good practice. By streamlining our procedures and working practices across industry, we can continue to minimise downtime and maximise economic recovery.

“These guidelines are the result of a collaborative, cross-industry effort and I would like to thank our work group member companies for their invaluable expertise and commitment.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343/ [email protected]

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.

  1. The guidelines are now available to Oil and Gas UK members on the Efficiency Task Force website.
  2. Gas compression systems are used by the offshore oil and gas industry to reduce the volume of gas for exporting, injection to the well, and artificially raising oil by introducing bubbles of compressed gas (gas lift).
  3. Further information about UKCS production efficiency can be found in the Oil and Gas Authority 2016 report UKCS Production Efficiency”
  4.  Oil & Gas UK’s Efficiency Hub is the industry’s gateway to initiatives that aim to improve efficiency across the UK Continental Shelf (UKCS).

Statement on Edinburgh University oil and gas study

Commenting on Edinburgh University’s oil and gas study published today, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“There are up to 20 billion barrels of oil and gas resources still to be recovered on the UK Continental Shelf, based on production forecasts provided by the Oil and Gas Authority.

“Production has increased over the last two years and we expect that to continue to rise. Significant new capacity has been added to the UKCS. Nine new fields began production in 2016 and a further seven started producing in the first half of this year – most of which will still be producing in 2030.  A further 12 are due on-stream by the end of next year. Some notably large developments will still be producing towards 2050. Advances in technologies are also presenting fresh opportunities and helping make discoveries commercially viable.

“To ensure the remaining potential of the UKCS is realised, we need to keep operating costs low, bring in new investment and maintain a relentless focus on exploration and enhanced recovery.

“The UK Government forecasts that two thirds of the UK’s energy will come from oil and gas in 2035. We must maximise recovery of our domestic resources so that we can continue to help to meet the UK’s energy needs and safeguard the 300,00 UK jobs our industry supports.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Philips on 01224  577279/ [email protected]

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.

Momentum builds as support for industry efficiency increases

ETF Chairman Walter Thain at Offshore Europe

The team behind a pioneering initiative tasked with improving the global competitiveness of the UK’s offshore oil and gas industry, credits its success to businesses adopting an “open door to change” mindset.

The Efficiency Task Force (ETF), which marks its second anniversary this week, today revealed that over 80 companies are represented across its projects and activities. More than 40 businesses operating in the UK Continental Shelf have now signed the Industry Behaviours Charter, with a further 43 active efficiency champions driving good practice within their organisations.

Speaking to members at Oil & Gas UK’s stand at Offshore Europe, ETF Chairman, Walter Thain, today rallied industry to keep up the momentum behind its efficiency drive.

He said: “Since our launch in 2015, the ETF has undertaken a range of pan-industry initiatives which aim to promote and deliver greater efficiency in the UK’s oil and gas sector.

“Through improved efficiency we can ensure the basin is more sustainable and globally competitive. This means finding leaner, smarter and more innovative ways of working.

“In a short space of time we have achieved a great deal. For example, the industry guidelines promoted by the ETF are being successfully used by industry, as it reduces duplication and standardises processes. Our pioneering Efficiency Hub holds over 100 case studies that demonstrate the positive impact of these improvements.

“These initiatives have been successful because businesses have kept the door open to change. I am keen for us to build on this positive approach as we take the ETF forward into the next crucial stage.”

ENDS

Notes to Editors

  1. Outline of ETF achievements:
  • The ETF’s achievements demonstrate cultural change, simplification and improved business processes
  • Launch of Efficiency Hub launched in June 2017, providing one-stop shop for efficiency initiatives which help industry improve its performance. This includes tools, case studies, sign post to industry initiatives, guidelines
  • 80 companies represented across ETF projects and activities
  • 43 active efficiency champions who innovate, drive change and challenged old habits
  • 134 downloads of Subsea Application Guidelines
  • 40 downloads of Compression System guidelines promoted in July 2017
  • Launch of Efficiency Accumulator, which gives an overview of how well the industry is performing
  • 7 ETF Roadshows held, each attended by up to 150 employees

 

Issued by the Communications Team, Oil & Gas UK. Contact Communications Adviser Natalie Coupar 07531407007 / [email protected]

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.

 

Investors seeing value in UK North Sea re-inventing itself: Economic Report 2017

 

Almost $6 billion worth of mergers and acquisitions have taken place in the UK oil and gas sector in the first half of the year – sending a strong vote of confidence in a basin that has been grappling with the challenges of a major downturn, a new report reveals today (September 6).

Assets changing hands and the increasing diversity in their ownership suggests that the UK Continental Shelf may start to benefit from a badly needed investment boost, says Oil & Gas UK’s Economic Report 2017 – the trade body’s annual review of industry performance and outlook, launched at Offshore Europe: a major industry conference and exhibition taking place this week in Aberdeen.

Although market conditions remain difficult, the report demonstrates that the UK sector is reinventing itself. It is differentiating its offering from competing oil and gas provinces with its efficiency gains, fiscal competitiveness and world-class supply chain. While investors still want more certainty over Brexit and clarity over the role of oil and gas through a more comprehensive energy policy, the transformation underway is restoring the UK’s position as an attractive basin for investment – and one still supporting over 300,000 UK jobs.

The challenge now is to ensure this renewed interest in the basin translates into tangible activity that could help unlock around £40 billion worth of potential development opportunities known to be in company business plans.

The Economic Report also shows:

• Companies are becoming more efficient and competitive – better placed to cope with the lower oil price environment

• The cost of lifting oil from the North Sea has almost halved since 2014 – this improvement to unit operating cost is greater than improvements achieved by any other basin

• Production has increased by 16% since 2014 – driven by production efficiency improvements, brownfield investment and new field start-ups

• Businesses have rationalised but the pace of contraction is slowing• Over 300,000 UK jobs are now supported by the sector

• Changes to the tax regime have helped create one of the most competitive fiscal regimes for upstream investment globally

While confidence is slowly returning, challenges continue across the sector. The report says:

• The low levels of exploration and appraisal activity remain a serious concern with drilling at record lows

• The basin still needs further fresh capital investment, as only three new field approvals have been sanctioned since the start of 2016

• If activity does not pick up this could have further negative implications for jobs that could threaten core capabilities

• Industry needs the UK Government’s ongoing commitment to the Driving Investment Plan and for Government to implement transferable tax history (TTH) to facilitate asset transfer

Deirdre Michie, Chief Executive of Oil & Gas UK, said: 

“There are still serious issues facing our industry which has suffered heavy job losses since the oil price slump. But we are hopeful that the tide is turning and expect employment levels to stabilise if activity picks up.

“Despite our difficulties, we’ve got more reasons to be positive and some great stories to tell that demonstrate the real progress that we are now making.

“Our sector is successfully re-positioning through efficiency and cost improvements. We are transforming in a way that is getting UK oil and gas back in the game.

“We are increasingly being seen as a much more attractive basin in which to invest with further M&A activity expected over the remainder of this year and into the next.

“Although we are getting to a much better place, we still need further investment to generate new activity and sustain hundreds of thousands of UK jobs.

“While industry will maintain its relentless focus on improving its cost and efficiency performance, Government can continue to play its part – by developing a clear energy policy that reinforces the role for oil and gas in the Industrial Strategy, supporting a Sector Deal and confirming in the Autumn Budget that decommissioning tax relief will be modified to support further investment activity.

“Our potential is captured in Vision 2035 – an aspiration for our sector that shows that we can continue to deliver hundreds of billions of pounds in revenue over the next generation and beyond if we maximise recovery of our resources and help our supply chain grow.

“With global oil and gas demand forecast expected to rise by 25% to 2035, we have a crucial part to play now and during the transition to a lower carbon future.

“It’s vital that industry and government work together to secure our future.  There are billions of barrels of oil and gas still to go after in our own back yard. Government and industry must make the most of the opportunity offered by our sector.”

• The Economic Report was being launched at a business breakfast briefing, sponsored by Deloitte, taking place at Offshore Europe.

ENDS

________________________________________

Oil & Gas UK’s Economic Report in September 2016 estimated that industry supported 330,400 jobs.  Following a re-run of analysis, industry not spending as much money as was predicted at the time of the report, and after the UK Government revised its ONS statistics, the trade body believes that the actual number of jobs supported at that time was 315,400. It now estimates that a total of 302,200 jobs are supported by industry.

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Cyber and terror attacks under spotlight at Offshore Europe

The growing physical and digital threats that the world faces today will be discussed by a panel of experts, including the BBC’s Security Correspondent Frank Gardner, at Offshore Europe on Wednesday (September 6).

The broadcast journalist and best-selling author, who was partially paralysed in the legs after being shot six times by terrorists in Saudi Arabia, will speak alongside leading security, intelligence and risk management consultant Dominic Armstrong and world-leader in electronic warfare Professor David Stupples at the session chaired by Oil & Gas UK Chief Executive Deirdre Michie.

“The world is a very different place these days with most weeks bringing dreadful stories of terror attacks and cyber breaches,” said Deirdre Michie.

“Now more than ever we need to be aware of the risks each of us could be exposed to in our personal and working lives.  Our Offshore Europe Cyber and physical attacks – understanding & managing the risks session will be an extremely topical and fascinating insight by three highly informed figures into the threats that exist today.”

Dominic Armstrong, co-founder of an innovative security and intelligence company and now President of Herminius, which provides insight and advice on political and security issues to many high-level clients, will give the first of three 25-minute talks.  He will give a geopolitical overview, with emphasis on historical background and cultural drivers.

Frank Gardner will then give a glimpse into what’s focusing minds in London and Washington with his strategic assessment of current threats.

David Stupples, Professor of Electronic and Radio Systems at City University London, will then discuss cyber threats including state sponsored terrorism.

A half-hour Q&A session with the panel will then close the session.

ENDS

Notes to Editors

  1. The keynote panel discussion – Cyber and physical attacks – understanding & managing the risks – takes place on Wednesday 6 September,10:00-12:00, in Gordon B, Aberdeen Exhibition and Conference Centre.

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected]

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.

Best and brightest of industry championed at Offshore Europe

The leading trade body for the UK offshore oil and gas industry has revealed its plans to promote the sector during Offshore Europe.

  • Oil & Gas UK will launch its flagship Economic Report 2017 this week (Wednesday 6 September) at a breakfast briefing event held at Aberdeen Exhibition and Conference Centre.
  • The organisation will host a trade stand promoting the work of industry’s Efficiency Task Force, which this month marks its second anniversary.
  • Chief Executive Deirdre Michie will chair a keynote panel discussion on cyber and physical attacks.

Deirdre Michie

Chief Executive

Speaking ahead of Offshore Europe, Oil & Gas UK Chief Executive Deirdre Michie said:

“As the voice of industry, we are proud to champion the best and brightest of the UK offshore oil and gas sector during this exciting week.

“Whilst we have been through the most testing times, we arrive at Offshore Europe confident that the steps we have taken are delivering the results we need and are setting us up for a positive future.

“I look forward to sharing this in greater detail at the launch of our flagship Economic Report.

“With all eyes on the industry, it is timely that Offshore Europe takes place as the Efficiency Task Force marks its second anniversary.

“I would encourage colleagues to visit our stand and learn more about this leading collective commitment to work effectively, efficiently and cooperatively.”

Ends

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.

Subsea 7 Vice President appointed to trade association board

An industry professional with over 20 years’ experience in the subsea pipelines business has been appointed to Oil & Gas UK’s board.

Phil Simons, VP North Sea & Canada at Subsea 7, will sit alongside the leading industry representatives responsible for setting Oil & Gas UK policy.

Mr Simons began his career in 1992 as an engineer for pipeline installation contactors and operators, European Marine Contactors, where he later became a senior project manager.

In 2004 he joined Subsea 7 in Aberdeen as a senior project manager, progressing through the business to become the Vice President for Canada, Mediterranean and Russia in 2011. Mr Simons became the Chief Operating Officer for UK & Canada and subsequently Vice President UK & Canada in 2013, before taking up the role of Vice President for North Sea & Canada in 2016.

Commenting on his appointment, Mr Simons said:

“I am very pleased to join the Oil & Gas UK board at such a pivotal and demanding time in our industry’s history, and I look forward to working closely with the other members to help harness the collaboration needed to take us through the unique challenges ahead.”

Oil & Gas UK Chief Executive Deirdre Michie said:

“With extensive commercial and engineering experience, the appointment of Phil Simons will further strengthen Oil & Gas UK’s board at a defining period for the industry.

“We have improved our cost base by 50 percent in two years, embedding efficiency as a core value and making our industry more globally competitive. There are up to 20 billion barrels of oil and gas yet to be recovered from the UKCS if we secure the appropriate conditions for investment.

“I would like to thank Oil & Gas UK’s board for their continued strategic guidance as we seek to maximise economic recovery from the mature basin, and warmly welcome Phil Simons.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / [email protected]

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.

  1. Responsibility for setting Oil & Gas UK’s position on policy matters lies with the Boardwhose members represent a cross-section of the industry.The Board comprises twelve representatives from operator companies; ten representatives from contractor/supply chain companies; one representative from a non-operator or independent oil company; and the chief executive of Oil & Gas UK.
  2. Industry members of the Board are appointed for a period of two years, at which point they are required to stand down and offer themselves up for re-election, with the ability to serve for a total period of five years. This ensures a rotation cycle and a broad representation of the membership on the Board.

New: Nexen deploys Predictive Analysis technology service

Problem Statement

It is widely acknowledged that a significant proportion of oil and gas production is lost each year through plant downtime and system-related issues.

Aims

  • Explore new technologies that make use of existing operational data sources to provide analytical insights which enable decisions and interventions to maximise production uptime, enhance business performance and mitigate risk.

Method

  • Nexen engaged Operational Excellence (OPEX) Group to apply a predictive analysis service on the Buzzard platform to detect warning signs and identify emergent system failures, prior to the event occurring.
  • The scope of work covered the full process gas compression system on board Buzzard, including process separators, coolers, exchangers, gas compressors, drivers, valves and system instrumentation.

Impact

The service has delivered significant value, including:

  • A reduction in critical system failures or downtime
  • Reduced maintenance costs and the high cost of unplanned equipment repairs
  • Identification of performance improvement opportunities
  • Highlighted rapidly escalating problems and longer term threats at a very early stage

Following the initial pilot in 2015, the service has been implemented on a longer-term basis on additional systems on Buzzard and other Nexen assets.

Total savings anticipated

 

$20 million production revenue safeguarded in 2016.

Still time to recognise industry talent

Organisers of a prestigious industry awards event have said it’s still not too late to recognise industry talent.

Nominations for the Oil & Gas UK 2017 annual awards, sponsored by Shell U.K. Limited, will close on the afternoon of Friday 11 August.

A key event in the upstream industry calendar, Aberdeen’s Exhibition and Conference Centre is the venue for the November 2 awards, which are expected to attract interest from key energy hubs around the UK.

Oil & Gas UK Business Excellence Director Stephen Marcos Jones said: “Our industry is driven by the talent and expertise of its people. There is still time to put forward your nomination and shine a light on the individuals or companies you believe champion good practice.”

Nominations are open in the following categories:

• Apprentice of the Year – sponsored by OPITO

• Graduate of the Year – sponsored by ECITB

• Mentor of the Year• Diversity and Inclusiveness

• Business Innovation (SME and Large Enterprise)

• Workforce Engagement (SME and Large Enterprise)

• MER UK Award – sponsored by Oil and Gas Authority

• Ultimate Gold Award – in association with the Press and Journal

Find out more information on the categories and how to nominate here.

ENDS 

Notes to Editors

Issued by the Communications Team, Oil & Gas UK.

Contact Natalie Coupar 01224 577343 / [email protected]

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.

Updated guidelines are prime example of industry collaboration

A suite of updated guidelines published today, which ultimately aim to ensure the safety of offshore wells, underline industry’s commitment to continuously improve, Oil and Gas UK said today.

The trade body’s award winning guidelines are written by industry, for industry, and provide a true reflection and balanced perspective on industry good practice.

The guidelines were devised by the organisation’s Wells Forum, one of Oil & Gas UK’s formal bodies through which members’ representatives can share good practice, review wells-related industry issues, and interact with other industry stakeholders.

Oil & Gas UK’s Operations Optimisation Manager Katy Heidenreich said:

“Oil & Gas UK is grateful to the Wells Forum for their continued engagement and expertise. The guidelines are a prime example of the industry collaboration that our basin is becoming widely acknowledged for.”

Of the three guidelines published today, two are competency guidelines, with one aimed at assessing, managing and developing competency of wells personnel and teams and the other aimed at ensuring the competence of Well Examiners.

Guidelines for Well Operators on Competency of Well Examiners and Guidelines on Competency for Wells Personnel were updated as part of a scheduled review process. This review process aims to ensure that guidelines remain current and fit for purpose, and anticipate the challenges foreseen by the industry.

Guidelines for Well Operators on Well Examination has also been updated to reflect changes to safety regulations.

Katy Heidenreich added:

“The competency guidelines were introduced to address the core competencies for the key roles required to support safe and effective well operations. These are particularly important at a time when the UKCS is experiencing flux in the profile of its workforce.

“It is an important reflection of industry’s ongoing commitment to safety and best practice.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / [email protected]

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.

  1. The guidelines today comprise: Guidelines for Well Operators on Competency of Well Examiners (Issue 2), Guidelines on Competency for Wells Personnel (Issue 2), and Guidelines for Well Operators on Well Examination (Issue 2)
  2. Oil and Gas UK was awarded by a national engineering institute for its contribution to improving the safety and efficiency of UK offshore operations by publishing more than thirty peer-reviewed guidelines for the industry.
  3. Oil & Gas UK’s Wells Forum comprises representatives from over 45 well-operators and provides an interface with other industry stakeholders such as the drilling contractor and well services contractor communities.
  4. The Wells Forum is responsible for reviewing the following documents on a regular basis.
  • Blowout Preventer Issues
  •  Competency, Behaviours, Human and Organisational Factors
  • Well Integrity
  • Well Suspension and Abandonment
  • Well Capping
  • Relief Well Planning Requirements
  • Verification
  • Well Examination
  • High Pressure High Temperature
  • Process Safety Key Performance Indicators (KPI)

Industry Behaviours Charter

The Oil and Gas Innovation Centre (OGIC)

Event heralded as opportunity for oil and gas supply chain

Supply chain firms supporting the oil and gas sector have been urged to grab an opportunity for growth and innovation as leading trade organisation Oil & Gas UK launched its 2017 Share Fair.

The high profile one-day event will be hosted at the Aberdeen Exhibition and Conference Centre on November 1. Its distinctive format attracted over 650 delegates in 2016.

Major operators and contactor companies will gather at the granite city venue to highlight forward work plans for the sector over the next 12-18 months.

Oil & Gas UK today revealed that more one-to-one sessions will take place this year than ever before.  The event will also include presentations from operators, tier 1 contractors and an exhibition showcasing the innovative products and technologies within the supply chain.

Stephen Marcos Jones, Oil & Gas UK’s director of business excellence, said:

“Share Fair 2017 is a great opportunity for the UK’s oil and gas supply chain.

“As confidence slowly returns to the basin, companies will be looking to build on the efficiency gains achieved in the last two years. The distinctive format of this event allows companies to directly identify the innovative solutions needed by major purchasers.

“It is why this event continues to be a huge success for the industry.

“We’re delighted to have secured the most one-to-one sessions of any Share Fair and look forward to revealing more exciting event details in the weeks leading up Share Fair 2017.

“We would urge any supply chain business looking to engage in the UK Continental Shelf to utilise this exciting chance to showcase their expertise.”

Leading service provider, Petrofac, is a keen supporter of the Oil and Gas UK Share Fair. Graham Wallace, Head of Commercial and Supply Chain for the Group’s Engineering and Production Services, West, business said:

“The personal format of this event ensures delegates have access to first-hand information about future development plans in the UKCS, and the challenges facing operators and contractors. It provides an excellent platform to showcase and share ideas, and to identify areas of collaboration that will help the supply chain drive further value through innovation and efficiency. We look forward to returning again this year.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577 343 / [email protected]

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.

  1. Share Fair 2017 will take place at Aberdeen Exhibition and Conference Centre on 1st November 2017. Tickets and sponsor opportunities are now available
  2. Oil & Gas UK’s annual one day event aims to improve the quality and quantity of information available to suppliers on the forward activity plans of operators and major contractors.The individual company presentations held through the day include a 20-30 minute seminar on major client purchaser project plans in the UKCS for the next 12-18 months, followed by a question and answer session.
  3. Presenting operators and contractors also offer dedicated ‘one to one’ sessions where suppliers can make pre-arranged appointments with key subject matter representatives and pursue client purchasing opportunities.

30th Licensing Round welcomed by Oil & Gas UK

 

Oil & Gas UK has today welcomed the announcement by the Oil and Gas Authority that it has launched its 30th Offshore Licensing Round focusing on mature areas of the UKCS.

Oil & Gas UK’s upstream policy director, Mike Tholen, said:

“The launch of the 30th Offshore Licensing Round offers companies the exciting opportunity to bid for fresh acreage and an interesting inventory of yet to be developed discoveries.

“The OGA has worked closely with industry to prepare for the round and provide a wealth of data offering fresh insight on the potential of the UKCS.

“Cost effective deployment of technology will be critical to the success of the round and we support the 30th Round Technology Forum which the OGA and the Oil and Gas Technology Centre are co-hosting on 22 August 2017 to help make a success of the Licensing Round.

“Given the improved efficiency and cost effectiveness of the UKCS, the 30th Licensing Round has all the ingredients to prove successful for the UKCS, and indeed for the UK economy.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar 01224 577343/ [email protected]

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 Oil and Gas Innovation Centre (OGIC)

East of England Energy Group (EEEGR)

New guidelines launched in effort to boost production efficiency

Highly anticipated industry guidelines designed to boost production efficiency in the UK Continental Shelf have been published by Oil & Gas UK.

Between 2004 and 2012 the UK Continental Shelf (UKCS) faced the significant challenge of a sustained decline in levels of production efficiency (PE), falling from 80 per cent to 60 per cent.

 

Guidelines to maximise compression system efficiency

Guidelines to Maximise Compression System Efficiency

 

Guidelines to Maximise Compression System Efficiency aims to address gas compression losses, which accounted for over 40 million boe (barrels of oil equivalent) in unplanned production losses in 2015.

The document was devised by the Production Efficiency Task Force, a cross-industry work group facilitated by Oil & Gas UK. The guidelines will be championed by the Efficiency Task Force and are available for free to Oil & Gas UK members through the recently launched Efficiency Hub.

It sets out recommendations and good practice for improving compression system performance, covering areas such as:

  • Compression system maintenance
  • Integrity assurance
  • Equipment and process condition monitoring, and,
  • Training and competency

It is recommended that companies have a “lessons learned” process to ensure continual improvement of maintenance procedures. A basic review would involve an assessment carried out after the execution of each maintenance activity, improving efficiency by providing a real-time response to any issues which arise.

Matt Nicol, Chairman of the Production Efficiency Task Force (PETF) and Operations Director of North Sea Midstream Partners, said:

“Since the establishment of the PETF in 2012, industry has improved for a fourth consecutive year and increased production efficiency from 60 percent to 73 percent in 2016.

“Gas systems are a key priority for our group, having been identified as being one of the largest sources of production loss.

“The Gas Compression Work Group, which produced this new guidance document, is made up of cross-industry expert volunteers who have worked together to share lessons learned and best practices.

“We have made great progress but still have more to do to achieve the PETF’s 80 percent production efficiency target. I encourage all operators to utilise this gas compression best practice guide.

“I’d like to thank all the industry volunteers who continue to provide their time and knowledge to support the PETF. Their hard work is making a real difference to the people who work in our industry.”

Stephen Marcos Jones, Oil & Gas UK’s director of business excellence, added:

“The drive to increase industry efficiency requires companies to adopt new ways of working and share lessons and good practice. By streamlining our procedures and working practices across industry, we can continue to minimise downtime and maximise economic recovery.

“These guidelines are the result of a collaborative, cross-industry effort and I would like to thank our work group member companies for their invaluable expertise and commitment.”

ENDS

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343/ [email protected]

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.

  1. The guidelines are now available to Oil and Gas UK members on the Efficiency Task Force website.
  2. Gas compression systems are used by the offshore oil and gas industry to reduce the volume of gas for exporting, injection to the well, and artificially raising oil by introducing bubbles of compressed gas (gas lift).
  3. Further information about UKCS production efficiency can be found in the Oil and Gas Authority 2016 report UKCS Production Efficiency”
  4.  Oil & Gas UK’s Efficiency Hub is the industry’s gateway to initiatives that aim to improve efficiency across the UK Continental Shelf (UKCS).
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