Production effectivity on the UK Continental Shelf (UKCS) has improved for the seventh consecutive yr and for 2019 reached 80 per cent, three years forward of the 2022 goal, in accordance with a brand new report by the UK’s Oil & Gas Authority (OGA).
The Oil and Gas Authority (OGA) on Thursday printed the 2019 Production Efficiency report.
Production Efficiency (PE) is a core component of the trade manufacturing optimisation and asset stewardship focus which is important to maximising financial restoration from the UKCS.
It serves as a Key Performance Indicator (KPI) for the OGA. The PE KPI goal was set at an 80 per cent UKCS Average Production Efficiency by the top of 2022.
The report reveals a 5 proportion level improve on 2018 and divulges that each area of the UKCS reported an increase, besides West of Shetland which noticed no change.
The improve was pushed by a big 25 per cent discount in manufacturing losses, following a concerted effort by the trade, which in contrast with 2018, which represented 50 million barrels of oil equal (boe).
Other successes embody plant losses down by 29 per cent; deliberate shutdowns ran to schedule with only a 1 per cent overrun on deliberate time, in opposition to 15 per cent overrun in 2018; and each area of the North Sea noticed a rise in precise wellhead manufacturing from the earlier yr, aside from the Southern North Sea.
Increased manufacturing effectivity typically corresponds to decrease emissions depth on manufacturing services and the 23 per cent enchancment since 2014 has contributed to round 10 per cent discount in carbon emissions per barrel of oil produced over the identical interval.
The report additionally highlights that 2019 noticed a 40 per cent lower in losses from unplanned shutdowns and a 26 per cent discount in losses from deliberate shutdowns.
Furthermore, 4 classes comprised 50 per cent of all manufacturing losses in 2019, these being: deliberate shutdown, gasoline system, oil system and reservoir.
Hedvig Ljungerud, OGA Director of Strategy, mentioned: “The sustained rise in manufacturing effectivity represents a big achievement by the trade, which performs an necessary half in each maximising financial restoration from the UKCS and serving to within the drive in the direction of decrease emissions depth.
“The twin challenges of Covid-19 and the autumn in commodity worth have positioned the trade underneath stress, however operators’ long-term enchancment in manufacturing effectivity leaves them in a greater place”.
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