North Sea

Oil & Gas UK has launched the Efficiency Task Force (ETF) that aims to make the North Sea industry competitive.

The taskforce will help the oil and gas industry improve efficiency and collaboration, as well support the drive to increase economic recovery from the UK Continental Shelf.

Oil & Gas UK aims to drive pan-industry initiatives to secure improvements and transformational change, formalising those initiatives under the task force.

The ETF will be led by AMEC Foster Wheeler Northern Europe and CIS group president John Pearson, and will primarily focus on themes that include cooperation, culture and behaviours, standardisation and business process.

Working to help companies rationalise their inventories, the ETF currently holds a dataset of ten operators’ stock listings, containing more than 165,000 items.

"The Efficiency Task Force provides us with the vehicle we need to enact change, quickly and effectively."

The taskforce is working with operators to rationalise and reduce their inventory holdings and aims to tackle the efficiency of compression systems.

Oil & Gas UK chief executive Deirdre Michie said: "The Efficiency Task Force provides us with the vehicle we need to enact change, quickly and effectively with those companies who are ready and willing to be the early adopters of such change.

"Moving from focusing on cost reduction to efficiency improvement and the transformational change, we need to see to help sustain activity in the North Sea, and in turn sustain oil and gas supply and hundreds of thousands of jobs throughout the country."

Oil & Gas UK business development director Stephen Marcos Jones said: "As the Efficiency Task Force, we will hold a mirror up to the industry with the aim of transforming our sector from within, planning together and allowing individual companies to act in a way which best suits the challenge they face."


Image: ETF aims to make the North Sea industry competitive. Photo: courtesy of Southpark.