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ECONOMIC REPORT 2015
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Transformational
Change
Efficiency
Improvement
Cost
Reduction
12 – 36
months
5 – 18
months
3 – 9
months
10-15%
•
Spend
reduction
•
Tactical
process
improvements
•
Cost avoidance
15-25%
•
Activity
reduction
•
Consolidation
•
Organisation
design
•
Technology
25-40%
•
Asset/service/
geographic
restructure
•
M&A + network
integration
•
Operating model
Source: Deloitte LLP
Figure 13: Transforming the UKCS’ Cost Structure
Efficiency Task Force
Efficiency
Task Force
Business Process
Standardisation
Co-operation, Culture
and Behaviours
The objective of the Efficiency Task Force is to drive a
pan-industry improvement in efficiency over the next two
years and beyond, creating a sustainable industry
Figure 14: Oil & Gas UK’s Efficiency Task Force – Objective and Workstreams
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5
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9
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