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