OEUK news

Share Fair Spotlight to Focus Attention of Suppliers and Clients on Production Efficiency

26 April 2017

Opportunities for suppliers and clients to work collectively to improve oil and gas field production performance will be shared by Oil & Gas UK’s Production Efficiency Task Force at its next Share Fair Spotlight on May 4 in Aberdeen.

Stephen Marcos Jones, Oil & Gas UK’s director of business excellence, said:

“Production efficiency is about optimising operations on existing assets and ensuring UK Continental Shelf projects safely and efficiently achieve their full production potential. Actions taken to increase production efficiency are contributing to rising output with 2016 decline rates slowing to just three per cent in 2016 in comparison to 12 per cent in 2014.

“To build on that progress, a co-operative approach is crucial. The Share Fair Spotlight provides the ideal arena for both cascading good practice but also for learning from suppliers where their expertise, services and technology can play a role in that process”.

Compression systems, shutdowns and midstream infrastructure, including onshore terminals and pipelines, are the three key areas where the Production Efficiency Task Force sees the most potential for operators and their suppliers to work together to improve performance.

Leading figures driving the Task Force’s progress in these areas, including representatives from North Sea Midstream Partners; Repsol Sinopec Resources UK Limited; Maersk Oil North Sea UK; Total E&P UK, Nexen U.K. Limited and BP, will outline how adopting a collaborative approach will enable supplier and purchaser companies to minimise operations downtime and maximise oil and gas flow rates.

Places at the Share Fair Spotlight which takes place at Oil & Gas UK’s Aberdeen office can be booked here and further details are available on the Oil & Gas UK events web page.

The Production Efficiency Share Fair Spotlight is the second in the series of similar events planned for 2017 and future topics include Well Cost Reduction which will take place on August 24.

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