Wednesday, 02 September 2021 07:41

New task force launches to drive North Sea efficiency

New task force launches to drive North Sea efficiency

Oil & Gas UK has announced the launch of the Efficiency Task Force, a group aiming to drive improvements, make the sector more competitive, and support the push to maximise economic recovery from the UK Continental Shelf.

The trade association is taking the lead to help drive initiatives across the sector to secure efficiency improvements and transformational change, and is formalising these under the ETF.

The group is led by John Pearson, group president Northern Europe and CIS for AMEC Foster Wheeler, and Oil & Gas UK co-chairman, and is receiving dedicated support from Oil & Gas UK and its industry members.

It will focus on three themes. The first is Cooperation, Culture and Behaviours, aiming to deliver behavioural change across the sector by implementing an Efficiency Charter and hosting relevant events before the end of the year.

Through its Standardisation theme, the EFT will look to simplify business processes and drive standard solutions to lower costs, accelerate delivery and reduce operational complexity. And by looking at the Business Process, the task force will review the day-to-day operations of the industry and analyse how firms can work together to share resources and good practice.

John Pearson said: “I’m delighted to announce the official launch of the Efficiency Task Force. It will encourage cooperation and focus on initiatives that add real value for our sector – helping the UK to compete globally.

“Tackling efficiency has been at the forefront of industry minds for some time – but has become more acute and urgent as the value of our end product has more than halved in the last year. We now need to step up, increase the effort and resource we’re putting in, and get the job done as a united industry.”

Oil & Gas UK chief executive, Deirdre Michie, added: “Companies have already started on the difficult road to reduce costs and become more efficient. Early signs show this concerted effort is paying off, as production from our sector has increased this year and the cost of operating on the UK Continental Shelf is expected to fall by the end of 2016. There is, however, still much more to do. It is imperative we pull together to achieve even greater strides forward.

“The Efficiency Task Force provides us with the vehicle we need to enact change – quickly and effectively with those companies who are ready and willing to be the early adopters of such change. Moving from focusing on cost reduction to efficiency improvement and the transformational change we need to see to help sustain activity in the North Sea, and in turn sustain oil and gas supply and hundreds of thousands of jobs throughout the country.”

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