OGA to share action plan on maximising economic recovery

The UK oil and gas industry regulator, the Oil & Gas Authority (OGA), will give a presentation on the topic of Maximising Economic Recovery (MER) at the SPE Aberdeen technical meeting, organized by the Society of Petroleum Engineers (SPE) Aberdeen Section.

The SPE said it would launch its 2015-2016 events programme this next week.

According to the SPE, Northern North Sea and West of Shetland Area Manager at the OGA, Brenda Wyllie, will outline the importance of MER in the UK, the key areas which should be prioritised by the industry and the best ways to drive future investment and improve efficiency.

The SPE notes that the OGA was set up by the UK Government to supervise the offshore oil and gas licencing regime and ensure maximum collaboration between operators. The OGA became an Executive Agency of the Department of Energy & Climate Change (DECC) on April 1, 2015.

Shankar Bhukya, SPE Aberdeen chairman, said: “The formation of the OGA will, hopefully, improve the regulation of the UK oil and gas industry. It has been granted the governmental powers and resources required to increase production and co-operation efficiency and drive future investment in the UKCS.”

“Securing Ms Wyllie as the speaker of our first evening meeting of 2015-2016 session is a real privilege and we are grateful that she will be sharing the OGA’s action plan with our members and non-members.”

Prior to joining the OGA, Wyllie was a production manager with Oil & Gas UK where she managed the PILOT agenda, a joint forum between the UK Government and industry which aims to secure the long-term future of the UKCS and maximise economic recovery of hydrocarbons.

Ahead of her presentation, Wyllie said: “The OGA has moved quickly to establish the new regulator, build a strong and experienced leadership team and take action to address the immediate challenges facing the sector.

“By striking the right balance between utilising the new regulatory powers with a more proactive and engaged approach, we can encourage greater collaboration and achieve maximum value from the economic reserves in the UKCS. Greater collaboration and more cooperative behaviours are essential to create a sustainable future for the UKCS and SPE Aberdeen’s technical meeting is the ideal platform to share our plans with those operating in the industry.”

The SPE Aberdeen technical meeting will take place at Aberdeen Douglas Hotel, on Wednesday September 23 from 6.30pm.

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