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UK industry regulator the Oil and Gas Authority (OGA) has released its first Wells Strategy that provides a framework for the OGA and industry to work together for delivering increased activity and improved performance.

Published in November 2018, the first Wells Insights Report stated that there was a need for increased activity and improved well management.

OGA operations director Gunther Newcombe said: “It is clear from the data the OGA has published that there is a requirement for a step-change in increasing new well activity and performance and a requirement to improve management of existing well-stock.

“The wells strategy coupled with a new stewardship expectation, which was published early this month, will provide industry with both a strategic and stewardship framework.”

The Wells Strategy has set out three important areas of focus, namely business processes to increase well activity, well performance, and regulatory compliance.

The strategy provides an outline of how the objectives will be delivered.

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By GlobalData

Shell UK managing director and champion of the Competitive Well Delivery Task Force Steve Phimister said: “OGUK’s Competitive Well Delivery initiative is driving improvements in operational performance and increasing wells activity to unlock more barrels from the UKCS.

“Drawing on industry measured performance data, collective effort is now focused on refreshing the programme of work to drive further industry progress.”

Oil and Gas UK operations optimisation manager Katy Heidenreich said: “We’re seeing great uptake of wells initiatives from companies across the basin.

“These include tackling the causes of NPT and applying ‘right scoping’ guidelines from exploration through to well decommissioning.

“Now’s the time to join us in making the most of the significant resources the UKCS still has to offer.”