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The OGA publishes five year review of major oil and gas projects in ‘Lessons Learned from Oil and Gas Projects 2011-2016’ report

The Oil and Gas Authority (OGA) has published a comprehensive five-year review of major oil and gas projects undertaken on the UK Continental Shelf (UKCS), while also setting out its expectations for robust future project delivery.

In order to develop a good background of understanding around project delivery in the UKCS, the OGA reviewed 58 major projects executed between 2011 and 2016, with the principal findings summarised as follows:

Since 2011, on average fewer than 25% of oil and gas projects were delivered on time, projects averaging 10 months’ delay Projects delivered were on average around 35% over budget relative to estimates made in Field Development Plans (FDPs) consented by the Department of Energy and Climate Change and, latterly, the OGA In the same time period, levels of capital expenditure were at an all-time high, averaging just over £12 billion annual Money of the Day (MoD) since 2011 This compares to £3-6 billion MoD per annum through the last decade.

Policy milestone details

Start date: 2017-3-3

Keywords: Oil and Gas - Oil and gas engineering, project management - process operations

Countries: UK -

Milestone source: Lessons Learned from UKCS oil and gas projects 2011-2016

Milestone type: Reports and statistics

Sector: Oil and gas -

Organisation: Oil and Gas Authority (OGA)

Subjects: Planning and Design, Oil and gas, Energy policy