Play Fairway Mapping is Key in the North Sea
of 19 plays spanning the Palaeozoic to the Tertiary. Report author, David Mudge, has used his 38 years’ of North Sea and North Atlantic exploration experience to provide a comprehensive analysis of this globally important hydrocarbon province. Dr. Mudge said, “The 2014 Wood Review called for a revitalization of regional exploration in the North Sea to ensure that both existing and new plays are explored, appraised and exploited to their full potential. Play fairway mapping, which displays the regional risk associated with individual plays, is the most effective and systematic
BP to Sell CATS Business To Antin Infrastructure
contribute to UK energy security for many years to come. Key elements of this are the completion of our major projects in the central North Sea and Shetland area, and continued management of our portfolio. “CATS has been a great business for BP but, aligned to the recommendations of the Wood Review, we believe securing this new owner will ensure a better long-term future for this key piece of North Sea infrastructure. Supporting staff and ensuring continued safe operations will be our priority as we go through this transition period.” The sale of CATS will be as a fully
Industry Chief: Subsea Industry Expecting Tough Times
, NSRI launched the key areas on which it will be focusing new subsea R&D. Dr. Gordon Drummond, project director of NSRI said, “Our themes support the need to reduce exploration and operational costs, increase efficiency and productivity and reduce decommissioning costs as outlined in the Wood Review.” The themes are: Environmental impact of decommissioning Decommissioning methods and techniques Enhanced oil recovery (EOR) / Increased Oil Recovery (IOR) Well intervention Hardware components - including subsea umbilicals, risers and flowlines and subsea
Deloitte : Investment Crucial for UKCS
. Graham Sadler, managing director of Deloitte’s Petroleum Services Group, said: “Over the last 12 months, both industry and government have recognised the need for change on the UKCS. We have started to see some positive steps taken in that direction, with the recommendations made in the Wood Review and tax changes announced in the Autumn Statement among them. “We continue to see steady but low levels of drilling and hope this will increase. However, that will require industry dialogue with, and strong guidance from, the OGA. It will also need further clarity from Government over
Strategy Can Maximize UKCS potential
standards. Making the right changes could mean billions of pounds of difference to the UKCS, and simultaneously increase the taxable income as more oil and gas is recovered.” Crucial to the changes will be the new regulator “with teeth”; the OGA, announced following the Wood Review. Businesses emphasised the need for the regulator to have the ability to encourage, incentivise, or enforce new ways of working. Geoff Gibbons, oil and gas consulting partner at Deloitte, said: “The industry is very supportive of the new regulator and the Wood
Will You Make the Most of North Sea Decommissioning?
the decommissioning process.“ DNS chief executive, Nigel Jenkins looks forward to welcoming members and non-members along to the event. He believes that these events are instrumental is spreading the word of DNS’ capability as the era of decommissioning gathers momentum: “The recent Wood Review and Scottish Government Total Value Add report highlighted the strategic importance of decommissioning to the UK and European economy and stressed the need for game changing solutions to reduce decommissioning costs. DNS plays a leading role in accessing those solutions, because we are the
Seath Takes Over as Decom North Sea GM
, in the role of General Manager. With the total cost of UKCS decommissioning expected to reach approximately £4.5billion in the next five years, these are strategically critical times for the North Sea decommissioning industry. This has been amply demonstrated by the publication of the Wood Review and the more recent “Scotland’s Independent Expert Commission on Oil and Gas: Maximizing the Total Value Added”. Both reports urge the industry to find “game changing” solutions to the challenges of decommissioning. Seath therefore joins DNS at an exciting
“Oil & Gas Industry at Critical Crossroads”
in global terms, attracting investment in even the more difficult and expensive fields from exploration through to consolidation of decommissioning certainty.” The remaining resources in the UKCS are estimated to be between 10 billion barrels of oil equivalent (Bboe) and up to 24 Bboe. The Wood Review focuses on maximising economic recovery and a new model of stewardship to deliver it and this provided the starting point for the Commission’s report. Mr Campbell said: “The Wood Review, with the creation of a new regulator, provides the means for creating the opportunity but
Decom North Sea Appoints New Chief Executive
, I would also like to take this opportunity to extend our thanks to Brian for his tireless work and support in achieving this over the last four years and wish him the very best for the future.’’ Jenkins said, “I am excited about the future of offshore decommissioning. The recent Wood Review highlighted the need for operators, the supply chain and regulators to work together to develop innovative decommissioning solutions, maximizing the value derived from the North Sea. Decom North Sea has become the representative body for the industry and is uniquely positioned to meet this
February 2024
