LONDON – Britain’s Oil & Gas Authority (OGA) has published guidance on the use of Area Plans to help improve collaboration across the UK offshore sector and maximize economic recovery of Britain’s remaining offshore oil and gas.
An Area Plan, comprising various principles set out in a stage gate framework, describes how economic recovery should be maximized in a particular geographical area, based on the analysis of evidence.
The Plans can vary in magnitude, scale, and complexity and in some cases could be integrated with other Area Plans to develop a regional strategy.
OGA Operations Director Gunther Newcombe said: “The OGA is working closely with operators, license holders and other interested parties to develop Area Plans that integrate exploration, development, production, late-life planning, anddecommissioning.
“This should ensure the optimum use of infrastructure, extend the life of hubs, and maximize economic recovery.”