Previous Page  7 / 40 Next Page
Information
Show Menu
Previous Page 7 / 40 Next Page
Page Background

W I R E L I N E

| SUMMER

2017

|

7

6.

Extractive industries report shows

commitment to transparency

More than 95 per cent of the UK oil and gas companies that

were asked to provide information about their upstream

tax payments in 2015 have done so as part of the global

Extractive Industries Transparency Initiative (EITI). This

demonstrates a high level of participation in a

voluntary initiative.

The UK Government launched its latest EITI report in

Aberdeen at the end of March. It has now published two

reports that reconcile the data provided by companies

with information from HM Treasury on the payments it has

received. The first was in April 2016.

Download the latest report at

http://bit.ly/EITI17.

7.

Sharing lessons to improve project delivery

Recommendations on how to improve project delivery on the UK Continental Shelf

are outlined in a report released by the Oil and Gas Authority (OGA). Cost

over-runs and delays were highlighted as the key barriers to success following

analysis of 58 major projects executed over the past five years. Oil & Gas UK is

working with the ECITB and other key industry stakeholders to develop new

guidelines for robust project delivery that aims to share good practice across the

sector. The guidelines are due to be published in 2018.

Get a copy of the OGA report at

http://bit.ly/2qLrI8I.

An ECITB toolkit aims to promote and support collaboration in project delivery.

Find out more at

http://bit.ly/ECITBtoolkit.

8.

Simplifying subsea developments

The potential of the UK Continental Shelf’s small pool reserves could be maximised

by employing more cost-effective ways to create subsea developments, delivering

savings of between 15 and 30 per cent. This is the key message of a set of Oil & Gas UK

guidelines released under the auspices of the Efficiency Task Force (ETF).

The publication is the culmination of extensive work by the ETF’s multi-disciplinary

Subsea Standardisation Group, involving over 70 people and 30 companies and led by

Steve Duthie and Guy Trumper of TechnipFMC. The group has demonstrated through

real-life case studies how subsea developments could be simplified and standardised,

bringing reserves into production more cost-effectively.

Stephen Marcos Jones, director of business excellence at Oil & Gas UK, says:

“This project is a shining example of what can be achieved when industry experts

are given the licence to innovate, share knowledge and tackle project delivery with

fresh eyes.”

Guidelines are free for members of Oil & Gas UK. Get your copy of the

Subsea Standardisation Guidelines at

http://bit.ly/SubApp17.

Also, see the Spring issue of Wireline for articles on simplifying subsea developments

and halving well construction costs to improve the basin’s competitiveness at

https://cld.bz/IBBsFhu/18.

Image

©

iStock.com/mikeuk

Oil & Gas UK | News Round-Up

Margot James MP, Parliamentary Under Secretary of State

for Business, Energy and Industrial Strategy, addresses

guests at the EITI report launch

Images courtesy of TechnipFMC