Economic Report 2016 - Oil & Gas UK

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ECONOMIC REPORT 2016
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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 marketplace34.
Figure 49: Efficiency Task Force Work Streams
Business Process StandardisaƟon Co-operaƟon, Culture
& Behaviours
Inventory
RaƟonalisaƟon
Compression
Systems
Procurement
Maintenance
LogisƟcs
Subsea Technology
Valves
Industry
Behaviours Charter
Workforce
Engagement
Rapid Efficiency
Exchange
ConƟnuous
Improvement
Network
Efficiency
Roadshows
8.1 Co-operation, Culture and Behaviours
The ETF is calling on companies to rally behind the Industry Behaviours Charter35, 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
35 Companies can view and sign up to the Industry Behaviours Charter at