ABERDEEN, UK – Britain’s Oil and Gas Authority (OGA) has unveiled an updated set of stewardship expectations to promote good industry practice and support maximum economic recovery (MER) from fields in UK waters.
The 10 stewardship expectations apply across the entire exploration and production lifecycle and were developed jointly with industry.
Two are new. Well activity performance promotes successful delivery of well activity throughout the lifecycle via systematic application of existing practices and learning, during the planning and execution phases.
Commercial alignment and delivery promote the adoption and implementation of good commercial practices to allow activity to progress in line with licensees’ obligations under MER UK.
Gunther Newcombe, operations director at the OGA, said: “The updated stewardship expectations will put the industry on the best footing to further stimulate upstream activity, maintain and support performance improvements while continuing to maintain high standards of safety and environmental management.”
Jon Graham, managing director of Apache North Sea, added: “These stewardship expectations have evolved to create more clarity, and provide ‘guidance with teeth,’ and do much to support delivery of the MER strategy.”