The Wells Strategy document, published by OGA, supports the Maximise Economic Recovery from UK Oil & Gas (MER UK) and Vision 2035 through three complementary strategic themes:
- regulatory compliance to MER UK, license conditions, data reporting and retention obligations
- business processes to increase well activity (well construction & intervention) to find and deliver the significant potential resources from the UKCS
performance improvement of all activities throughout the well value cycle, from design to well decommissioning, plug and abandonment (P&A) – to reduce costs and improve recovery.
This document is the result of the OGA’s first Wells Insights Report, published in November 2018, where the need for increased activity and improved well management were distinctively identified, among others.
The OGA will work with forums, workgroups, organisations and networks, that deal with well issues covering well life cycle, to agree on the work scope and deliverables, provide technical support and data for analysis.
Steve Phimister, MD Shell UK and champion of the Competitive Well Delivery Task Force adds “OGUK’s Competitive Well Delivery initiative is driving improvements in operational performance and increasing well activity to unlock more barrels from the UKCS. Drawing on industry measured performance data, collective effort is now focused on refreshing the program of work to drive further industry progress.”