ETF Efficiency Task Force at a Glance

Efficiency Task Force at a glance

About the Efficiency Task Force The Efficiency Task Force (ETF) was formed in 2015 and aims to ‘ seek out, promote and provide access to efficient practice across the oil and gas industry while maintaining safe operations ’ by:

Developing tools and guidelines to drive improvements in focus areas

Promoting and capturing the impact of industry efficiency initiatives, as well as providing access to efficiency tools, lessons learnt and networking opportunities Improving outputs by gathering and acting on feedback to maximise impact and improve industry operations

Continuous Improvement Cycle

Chair and Steering Group The ETF is led by a steering group of industry leaders who are committed to driving sustainable change. They: • Encourage their peers to participate in the ETF • Lead on focus areas • Provide pilot and review opportunities for guidelines “ We are in a crucial period for industry as we look to build on our successes and continue to work together to create smarter ways of doing business. We need your support to lock in permanent change which will benefit the next generation. ” Phil Simons, Efficiency Task Force Chair

Focus Areas

Business Processes – Promote cross-industry collaboration to improve efficiency in Inventory Management, Procurement, Logistics, Maintenance and Compression Systems processes Standardisation and Simplification – Develop guidelines and tools to promote the simplification and standardisation of Subsea Development Projects and Engineered Products Co-operation, Culture and Behaviours – Lead the cross-industry effort to drive improvements in culture and behaviours, by promoting the Industry Behaviours Charter , the Efficiency Champions Network , the roll-out of Efficiency Roadshows across industry and sharing Case Studies on the Efficiency Hub

Progress 80 employees Efficiency Roadshows held to date, engaging more than 9 600 More than 100 case studies + 400 downloads of ETF guidelines More than 7.1 Collaboration index score increased from 6.6 in 2016 to on the Efficiency Hub that can help industry to work smarter and become more competitive Efficiency Hub The Efficiency Hub is industry’s one-stop shop for all things efficiency. It hosts guidelines and tools for companies to use and share, as well as case studies showcasing new ways of working to improve operations and produce significant efficiency gains. efficiency champions, driving change and challenging old habits 200 + companies engaged in ETF projects

in 2017

oilandgasuk.co.uk/efficiency

Efficiency Champions Network Over 200 Efficiency Champions are active within companies across industry. Champions spread the message of the need for sustainable change and increase awareness of the ETF. They help develop, implement and continually improve ETF good practice guidelines, as well as capture their impact in case studies.

200

Roadshows Roadshows take the efficiency message directly to employees, which is critical in permanently embedding cultural change. Roadshows: Reinforce the need for continued focus on industry efficiency and sustainability Outline how engagement with ETF activities can help drive business improvements and realise significant benefits Provide a platform to share industry case studies and learnings, as well as promote collaboration

Guidelines There have been over 400 downloads of guidelines developed by the ETF on topics including Procurement (Tender Efficiency Framework), Maintenance, Compression Systems, Subsea Standardisation and Engineered Products. A survey of those who have downloaded the Subsea Standardisation guideline shows: • Most users (85 per cent) found the guideline helpful • Three quarters of those who used principles from the guideline saw a positive impact on operations • Companies are beginning to apply these principles in major projects such as the Apache Callater project, Nexen’s Buzzard Phase II, Spirit Energy’s Pegasus West project and the Chevron West Wick Prospect • Using the guideline principles could result in cost savings of up to 25 per cent and may improve the viability of many projects

Industry Progress The UK Continental Shelf’s efficiency has been transformed since 2014, helping to restore the competitiveness of the basin. It is crucial that these improvements are sustained to ensure that much needed new investment is delivered.

Average unit operating costs have halved from around $30/boe in 2014 to

Production has increased by 16% since 2014, reversing a 14-year declining trend

Operating expenditure has reduced by over 25

in 2017

since 2014

Begin your Efficiency Journey Today

Get started

Get involved

Embed change

• Implement guidelines • Share learnings and impact • Provide feedback

• Host a roadshow • Submit your

• Visit the

Efficiency Hub • Sign the Industry Behaviours Charter • Appoint your Efficiency Champion

case study • Download guidelines

Want to know more? Contact efficiency@oilandgasuk.co.uk Visit the Efficiency Hub at oilandgasuk.co.uk/efficiency

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