OGUK issues guidance on North Sea asset care

May 13, 2020
Oil and Gas UK has published new guidelines to help companies maximize output from their existing UK North Sea facilities, while major new offshore projects are being deferred.

Offshore staff

ABERDEEN, UKOil and Gas UK (OGUK) has published new guidelines to help companies maximize output from their existing UK North Sea facilities, while major new offshore projects are being deferred.

The guidelines advise on good practice on identifying, ranking, approving, and performing ways of optimizing production including well and reservoir reviews, facilities reviews, and reservoir surveillance, and on methods for setting targets, measuring progress, and assigning budgets.

OGUK operations director Katy Heidenreich said: “Looking after UK assets is crucial to the long-term future of the basin, especially at a time when a significant number of North Sea projects are put on hold.

“These guidelines help companies develop, maintain, and operate existing assets, finding the most efficient way to recover reserves from existing sites. They help asset owners promote a culture focused on optimizing production, enabling them to consistently do the right things to identify and then exploit opportunities as well as promoting the collective will, behaviors, and capabilities to achieve this.”

Brenda Wyllie, Oil and Gas Authority Northern North Sea area manager and MER Wells Task Force co-chair, said: “When we look at the data from the OGA’s UKCS stewardship survey, it’s clear that there’s considerable additional value held in brownfield resources.

“Oil and gas will remain an important part of our energy mix for the foreseeable future as we transition to net zero, so increasing recovery and maturing these resources should remain a priority, despite the associated challenges.

“The new guidelines offer industry helpful suggestions for unlocking additional potential in brownfield resources, by embracing collaboration, integration and supply chain engagement. The checklists and toolbox in the guidelines are proven practices introduced by senior industry professionals…”

05/13/2020