UK North Sea strengths, weaknesses, opportunities and threats will be outlined by one of the key speakers at the annual Oil and Gas UK (OGUK) conference in Aberdeen next week.
Stephen Halliday, chief executive of energy consultancy Wood Mackenzie will also speak about the management of North Sea infrastructure, decisions needed over the next five years to keep operations stable, available opportunities and the decommissioning market, among other topics
Mr Halliday said: “The UK faces the dual challenges of the low oil price and declining investment.
“Progress has been made in making the sector more attractive, particularly with lower tax and a new regulator.
“However, action needs to be taken to ensure that we optimise investment returns and make use of existing infrastructure.
“Costs have been coming down but the industry needs to see more collaboration, standardisation and exploration in order to maximise the value of the UK North Sea.”
OGUK business excellence director Stephen Marcos Jones said: “We are delighted that Stephen Halliday is addressing our conference.
“He will bring helpful insights on the future of the UK continental shelf that will be of huge interest to operators and companies working across the supply chain.”
The conference takes place at Aberdeen Exhibition and Conference Centre on Tuesday and Wednesday.
This year, for the first time, OGUK is offering an “efficiency ticket” which is transferable between employees from the same organisation, allowing them to pick and choose the sessions they wish to attend.