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ϲ͘ϯ The ĸciency TasŬ &orce

T

h

e conce

p

t of m ax im ising e fficie ncie s and dr iv ing cont inuous im

p

r ov

e

m

e nt h as b

e

e n a p ar

t of t

h

e oil and gas

industry Ĩor decades͘ ,oǁeǀer, Ĩolloǁing the sharƉ oil Ɖrice decline in 201ϰ, the industry estaďlished its oǁn

ĨĨiciency TasŬ &orce ; T&Ϳ, led ďy Oil & Gas UK, to act as a ƉanͲindustry catalyst Ĩor sustainaďle change and ďe a

ǀehicle to communicate Ɖrogress and deǀeloƉ good Ɖractice͘ ^ince then, suƉƉorted ďy strong leadershiƉ Ĩrom the

T&, comƉanies themselǀes and the industry oǀerall haǀe transĨormed their eĨĨiciency, signiĨicantly reducing costs,

imƉroǀing Ɖroduction eĨĨiciency and realising real increases in caƉital eĨĨiciency ;see section ϲ͘1 outlining industry

KWIsͿ͘ This Ĩundamental change has Ɖut the industry͛s Ĩuture on a more secure Ĩooting͘

T

h

e E

T

F h as a num

b

e

r of gr oup s w or king acr oss indust

r

y t o ide nt ify p ot

e nt ial e fficie ncy im

p

r ov

e

m

e nt op

p or

t unit ie s

and realise saǀings aligned ǁith three Ŭey themes͗ oͲoƉeration, ulture and ehaǀiours͖ ^tandardisation and

Sim

p lificat ion; and Busine ss P

r oce sse s.

Figure 27: The Efficiency Task Force Structure

oͲoperation,

uůture

and eŚaviours

usiness

Wrocesses

^tandardisation

and ^impůiĮcation

oard

^teerinŐ 'roup