Production efficiency for oil and gas on the UK Continental Shelf (UKCS) increased to 73 per cent in 2016, representing the fourth consecutive year of improvements.
According to the latest figures published by the Oil and Gas Authority (OGA), this equates to an additional 12 million barrels of oil equivalent (boe) compared to the previous year. This brings the UKCS ever closer to its target of hitting 80 per cent production efficiency by 2018.
The OGA pointed out that not only has production in terms of boe climbed by 34 million boe between 2012 and 2016, but losses have also fallen in the same time period, declining by 157 million boe.
While the overall production efficiency on the UKCS stands at 73 per cent, over one-third (38 per cent) of hubs either met or exceeded the 80 per cent target in 2016.
The OGA also noted that 88 per cent of operators on the shelf have improved their efficiency since 2012.
Gunther Newcombe, OGA operations director, was positive about the improvements, but noted that there are still challenges for the organisation and operators alike.
He explained: “Operators in the UKCS today are working in a diverse landscape, many operating mature assets, in increasingly interdependent fields with vastly differing scales of production and ranges of efficiency.”
Meanwhile, Matt Nichol, Production Efficiency Task Force chairman, highlighted export system losses as a particular concern, while pointing out that there have been significant reductions in plant losses in the past 12 months.
Upstream policy director for Oil & Gas UK Mike Tholen added that it’s been rewarding to see the work of the task force leading to tangible improvements in production efficiency since it was established four years ago.
Mr Tholen went on to reveal that the task force’s main focus at present is on “improving hub shutdowns, gas compression and terminals’ performance to safely minimise operations downtime and maximise flow rates”.
Of course the UK isn’t the only country to be operating fields in the North Sea. One of the largest operators in the region is Norway, with a report from the country’s Petroleum Directorate recently indicating that it still has the ability to produce a great deal of fuel.
UPI shared the comments of Norwegian Petroleum Directorate director for development Ingrid Solvberg, who stated that the nation is “still not halfway done” with its gas and oil production, despite operating in the area for 50 years.
“Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be produced,” she noted, adding that the country is seeking firms that want to make use of new knowledge and advanced technology to begin production on the as-yet untapped discoveries.
According to the news provider, within the 70 or so new discoveries it is estimated that there are 1.2 billion boe. By utilising advanced technology, the government has described the recovery potential as “high”.
If you’re working on a project in the oil and gas sector and need assistance with beam pump manufacture, come to us and make use of our expertise in this area.