Economic Report 2016 - Oil & Gas UK

ECONOMIC REPORT 2016

As well as individual company efforts to work smarter and reduce the cost base, the industry’s Efficiency Task Force (ETF), led by Oil & Gas UK, is intensifying its efforts to act as a catalyst to make the UKCS more resilient and as competitive as it possibly can be in the global marketplace 34 .

Figure 49: Efficiency Task Force Work Streams

Co-operaƟon, Culture & Behaviours

StandardisaƟon

Business Process

Inventory RaƟonalisaƟon

Industry Behaviours Charter

Subsea Technology

Compression Systems

Rapid Efficiency Exchange

Valves

ConƟnuous Improvement Network

Procurement

Maintenance

Efficiency Roadshows

LogisƟcs

Workforce Engagement

8.1 Co-operation, Culture and Behaviours The ETF is calling on companies to rally behind the Industry Behaviours Charter 35 , launched at the end of last year to help define and drive the cultural change needed to secure a sustainable future. Only by securing a collective commitment to work effectively, efficiency and co-operatively, can fundamental progress be made in the ETF’s other work streams of standardisation and business processes. To measure how well industry is progressing against the Charter’s principles, Oil & Gas UK partnered with Deloitte to survey the sector and review where concerted effort is still needed. The Collaboration Index is based on an electronic survey of suppliers to 13 operators carried out from March to April 2016. Direct feedback from companies in the supply chain about their dealings with all major operators across the North Sea reveals that the sector is heading in the right direction and becoming more collaborative, as shown in Figure 50 opposite.

34 An animation on the industry’s drive to improve efficiency is available to view at https://vimeo.com/170788055 35 Companies can view and sign up to the Industry Behaviours Charter at www.oilandgasuk.co.uk/charter

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