Thursday 16 April 2015

Breakfast Briefings Focus on UK North Sea Cost Efficiency

Pan-industry action on the cost efficiency improvements needed to secure a long-term future for the UK Continental Shelf (UKCS) will be the topic of breakfast briefings in Aberdeen on 6 May and London on 19 May.

Oonagh Werngren, Oil & Gas UK’s operations director, said: “The industry is clear on the challenge it faces in three significant areas – fiscal, regulatory and cost. We believe that the tax reforms announced in the Government’s 2015 Budget, and the regulatory changes the Oil and Gas Authority is now setting in motion, lay strong foundations for the regeneration of the UK North Sea. To secure maximum effect from these changes, the industry is working flat out to tackle its costs and improve efficiency to secure its international competitiveness.”

Speakers at the breakfast briefings will share updates on the work of Oil & Gas UK and other organisations which are co-ordinating a number of initiatives under the key themes of people, efficiency improvement, logistics collaboration, simplification and standardisation and late life asset management.

At the briefing in Aberdeen, Dan Cole of management consultancy, McKinsey & Company, will outline the scale of the industry’s challenge while Gordon Ballard, Chairman of Schlumberger UK, will report on progress in pan-industry initiatives. Paul Warwick, Executive Vice President Europe-Atlantic Region at Talisman Energy Inc., will provide an update on current work from the perspective of a major operator.

At the London breakfast, a speaker from Deloitte will bring financial analysis to bear on the challenges facing the sector while a cost efficiency ‘champion’ from Total E&P will describe the cost efficiency project that Total is implementing, with particular focus on the UKCS and collaboration with the wider industry. Both speakers’ names will be confirmed shortly.  Following a short networking break after the speakers’ presentations, Colette Cohen, Senior Vice President UK & Netherlands at Centrica E&P, will join the speakers for a panel session.

To book a place at either event, please click here.

ENDS

Notes to Editors

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its members, who number over 500, are companies licensed by the Government to explore for, and produce, oil and gas in UK waters and those in the industry’s supply chain.

There are limited places reserved for media. Please contact Lucy Gordon on lgordon@oilandgasuk.co.uk or 01224 577331 to request a place.