WIRELINE ISSUE 31 SPRING 2015

31 Issue The UK Continental Shelf Activi UK Continental Shelf Key facts – 2014 per

WIRELINE Contents

£24.4 billion

£9.6 billion

15 The case for change

20 Activity Survey 2015

How achieving a step change in cost efficiency through collaboration is essential to secure the long-term future of the UK Continental Shelf.

Presenting some of the key facts and figures from Oil & Gas UK’s Activity Survey 2015 plus a Q&A with economics and commercial director Mike Tholen.

Industry delivered £24.4 billion of production revenues - the lowest since 1998

£9.6 billion was spent on operating the UK Continental Shelf last year, almost eight per cent higher than in 2013

£18.50/boe

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£17/boe

J

£18.50/boe

Unit operating costs increased last year, up to £18.50/boe from £17/boe in 2013

Only 14 of the expected 25 exploration wells were actually drilled - continuing a downward trend since 2009

sa 28 bro

REGULARS

23 Underwater robotics As the industry ventures into deeper and harsher waters, Wireline reports on the ever

27 Open doors

5 News round-up from Oil & Gas UK

With hundreds of thousands of people under his pastoral care, UK oil and gas chaplain Reverend Gordon Craig is always on the move.

important role of remotely operated vehicles for subsea construction and maintenance.

Includes news on the Budget 2015, the new chief executive of Oil & Gas UK, an update on helicopter safety, the release of the Fabricators Directory 2015 , plus the size and shape study of the offshore workforce.

11 Membership matters Over 20 new companies join our ever expanding professional network and Oil & Gas UK welcomes new additions to its Board. 13 Dates for your diary Save the dates and book online for Oil & Gas UK’s industry-leading events. Here is your chance to network with colleagues and gain valuable knowledge on the sector’s hot topics.

34 A little more conversation…a little more action

30 Implementing the EU Offshore Safety Directive

Theroadtocontinuous improvementinhealthand safetyperformanceisbuilt

The single biggest change to affect domestic offshore health, safety and environmental

throughrobustlines ofcommunication. MaerskOilUK, NexenandTotal E&PUKreveal thestories behindtheir programmes.

management in many years comes into force this July.

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