Tuesday, 15 December 2020 21:54

Portal to share oil and gas efficiency success goes live

Portal to share oil and gas efficiency success goes live

An online portal which highlights energy companies’ successful efforts to improve efficiency and share common challenges has gone live.

The launch of the Rapid Efficiency Exchange (REE) on Oil & Gas UK’s website follows last week’s signing of the Industry Behaviours Charter by the board of Oil & Gas UK. 

The portal is publically available, and comprises “efficiency lessons” – a dashboard of cost and safety indicators across the industry, a view of progress against Efficiency Task Force objectives, and a space to share challenges in improving efficiency.

In what is believed to be a first for the sector, the industry body is inviting firms to not only promote what it is doing well, but to also share the problems which the industry can tackle together.

Stephen Marcos Jones, Oil & Gas UK business development director, said: “Concerted action by companies to address the business difficulties resulting from high costs and low efficiency is well underway. We hope the REE will prove useful in sharing the successes so that they can be implemented more widely and in communicating challenges for solving through co-operative working.

“Long term change will only come about through real co-operation between operators, major contractors and SMEs , embedding new ways of working and creating new business models. Under the co-operation, culture and behaviours theme – and through the Charter and new Rapid Efficiency Exchange - the ETF aims to support that shift.”


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