Friday 17 May 2019

The Oil and Gas Authority (OGA) has described where it expects industry to focus its attention over the next year; in areas including efficiency, commercial culture and progressing new field developments.

The annual performance review, known as the ‘Tier Zero’ meeting, takes place in early Q2 every year with the managing directors of the 22 largest oil and gas producing companies operating on the UK Continental Shelf (UKCS) invited.

Using data gathered from the annual UKCS Stewardship Survey, the purpose of the Tier Zero is to review the performance of the basin, including how individual operators compare against each other across a series of benchmarking metrics, with a view to sharing best practice and driving improvement.

Full article here.