The drive to ensure the UK oil and gas sector is taking collective action to stimulate its own recovery will be thrown into focus in an industry webinar next week.
Oil and Gas UK (OGUK) is hosting the free event featuring leading sector figures on Thursday, 27 August.
Since April, members of the trade body’s Recovery Group have been working to help shape the industry’s recovery as it looks beyond the issues posed by Covid-19, the challenge of sustained low commodity prices and takes steps to support the energy transition.
Keynote speakers include Neil McCulloch, executive VP, technical & operated assets, Spirit Energy, who will highlight the importance of strengthening the UK oil and gas sector to attract new investment, retain skills and support the move towards a low carbon economy.
Scott Robertson, director of operations at the Oil and Gas Authority, will cover a range of topics from the regulator’s perspective, including the significant prize remaining on the UKCS and what it’s doing to stimulate recovery.
He will also provide an update on the new OGA Strategy, which will incorporate net zero considerations, and outline what is expected from the industry going forward.
Members of OGUK’s recovery group will share examples of ongoing initiatives, with Gavin Rogers, director of innovation, digital & technology at Wood, discussing a collaboration between members to support a data-driven methodology that can optimise resource utilisation within the UKCS.
In a separate case study, Martin White vice president, Halliburton and a member of the OGA/Industry Wells Task Force will demonstrate the benefits of adopting a multi-operator campaign approach when executing well operations.
Katy Heidenreich, OGUK’s operations director and webinar chair said: “OGUK is spearheading and supporting a number of self-help initiatives aimed at helping our industry recover from the triple threat of COVID-19, the dramatic crash in oil price and the lowest gas prices for 14 years.
“Working closely with government and regulators, we’re focusing on areas throughout the oil and gas lifecycle from exploration to decommissioning where we can boost competitiveness, unlock planned work programmes and stimulate activity for our world-class but fragile supply chain.
“Supporting recovery now is key to the industry realising its full potential through the energy transition and this webinar is an ideal chance to hear about progress achieved to date and proposals aimed at unlocking investment.”