Oil & Gas UK chief executive Deirdre Michie has called for greater collaboration to secure the future of the oil and gas industry.
Speaking at the Oil and Gas Industry Conference 2015, Michie urged the industry to make a collective change in mindset to secure efficiencies, boost productivity and improve industry competitiveness.
Michie also focused on the importance of the UK Continental Shelf as a sustainable solution to rising oil prices.
Keynote speaker and Scotland’s first minister Nicola Sturgeon called on the UK government to offer fiscal incentives to increase oil and gas exploration in the North Sea.
Sturgeon highlighted the need for greater exploration to not only boost production, but also benefit the supply chain and the wider economy.
The importance of greater exploration was also emphasised by a panel of speakers including Brian Nottage, Hannon Westwood; Robert Gatliff, British Geological Survey; and Oil and Gas Authority’s Glen Cayley and Christian Mathieu. The speakers agreed that more subsurface information needs to be gathered, more thoroughly analysed and released into the public domain, with as much industry input and participation as possible.
The panel concluded that making this information fully accessible will be vital so explorers can make plans to revisit acreage as well as drill in new areas.
Further speakers discussed the potential for extended reach drilling to unlock marginal fields, well design standardisation and collaboration across sectors to improve efficiencies.
While the main conference themes focused on future exploration, Oil & Gas UK launched a short film to celebrate the industry’s history. The animated film (below) looks at more than 40 years of activity in the UK offshore industry.