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MER UK

North Sea

MER UK: OGA reveals exploration rejuvenation strategy

Exploration is the lifeblood of the oil and gas industry. In order to maximise the economic recovery of the UKCS’ oil and gas resources, exploration and appraisal (E&A) activity must be revitalised in both mature and frontier plays.

Energy Technology

Tech Tuesday: OGA unfurls strategy to achieve MER UK

Over the past 50 years, the UK continental shelf (UKCS) has grown to become one of the world’s most diverse and technologically advanced basins with a successful track record of developing and deploying new technologies. Despite a fluctuating oil price, investment in technology presents significant opportunities to improve Opex and Capex efficiencies, reserve recovery and create value through supply chain exports.

Opinion

Opinion: October 1st is “step-change” day for OGA

The 1st October marks a pivotal date for the Oil and Gas Authority (OGA) as we transition into a Government Owned Company, or GovCo, a step designed to reinforce our independence and our ability to act in the interests of the Maximising Economic Recovery (MER) UK Strategy. Since the OGA began we have made clear we believe strongly that the industry is best served by a successful “tripartite” approach bringing together the OGA, industry and the government to collaborate and help create the conditions for a successful next phase of the UKCS.

Oil & Gas

PwC warns two years to save the North Sea

Government and industry have a two year window of opportunity to ensure a strong future for the North Sea, a new report said. The study said three in five oil and gas executives are positive about the basin’s future. Titled, A Sea Change, the PwC report also said significant progress had been made to improve cost efficiency across the basin and noted a “real sense of urgency” to create one last “cycle of success”.