WIRELINE ISSUE 33 AUTUMN 2015

PRODUCTION

EFFICIENCY

Image ©iStock.com/mikeuk

“ We can build on the considerable progress we have made to help extend the field life of assets. ”

All to play for Efforts to improve the production performance of existing fields are crucial to help maximise economic recovery from the UK Continental Shelf and ensure sustainability of these projects in a low oil price world. Wireline explores how the drive to ramp up production efficiency is beginning to yield positive results, with

much still to play for. T ough economic conditions continue to prevail in the industry and so extracting maximum value from projects on the UK Continental Shelf (UKCS) could not be more critical. Crucially, over the past couple of years – and well before the collapse in oil price – there has been

per cent higher than the same period last year. Production could increase this year for the first time in 15 years. Oonagh Werngren, Oil & Gas UK’s operations director, says: “These improved figures are partly due to new field start-ups such as Golden Eagle and

an industry drive to improve production from existing assets to maximise recovery. The latest figures from the Oil and Gas Authority (OGA) indicate that UK offshore oil and gas production over the first six months of 2015 is around three

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