Oil & Gas UK Chief Executive Deirdre Michie and Oil and Gas Authority Chief Executive Andy Samuel delivered a joint keynote speech at an event to improve competitiveness of wells in the UK Continental Shelf (UKCS).
The high profile backing further underlines the importance of securing safe and efficient drilling operations in efforts to maximise economic recovery from the basin.
Yesterday’s session (Tues 28 November) brought together professionals from across the sector to share progress on company and cross-industry efforts to improve the performance of wells.
It is the first of a series of fresh activity planned by Oil & Gas UK’s Wells Forum, which aims to make the UKCS the safest and most competitive mature basin in the world to drill.
Commenting, Oil & Gas UK’s Operations Optimisation Manager Katy Heidenreich said:
“This event underlines our proactive and collaborative approach towards understanding how industry can transform the competitiveness of UKCS wells.
“Our programme aims to unlock ways to achieve credible and sustainable costs with predictable delivery, which will in turn improve investor confidence.
“Exploration drilling in the UKCS remains at record low levels, with 2016 marking the first year since 1986 that fewer than 120 development wells were drilled in a year.
“Oil & Gas UK’s Wells Forum is taking concerted action through the Competitive Well Delivery Initiative to accelerate the development of discoveries, extend the life of existing assets and stimulate a rise in exploration activity. “
Notes for 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 Communications Adviser Natalie Coupar on 01224 577 343 / [email protected]