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May 13, 2020

OGUK releases new guidelines for operators of North Sea assets

OGUK, the British oil and gas trade association, published new guidelines today focused on unlocking brownfield resource opportunities and companies getting the best possible output from their existing North Sea assets amid Covid-19.

By Yoana Cholteeva

OGUK, the British oil and gas trade association, published new guidelines today focused on unlocking brownfield resource opportunities and companies getting the best possible output from their existing North Sea assets amid Covid-19.

The guidelines, written by the Unlocking Investment workgroup, a subset of the MER Asset Stewardship Taskforce, aim to help operators obtain good practice when identifying, ranking, approving, and carrying out opportunities to optimise production in areas such as well and reservoir reviews, surveillance and budget assigning. They also work to ensure assets on the UK Continental Shelf deliver efficient reserves recovery.

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