New industry tool to improve recovery from existing North Sea fields
A new tool aimed at providing operators and licensees with a framework to re-evaluate methods to improve recovery from existing North Sea oil and gas assets has been launched by Oil and Gas UK (OGUK). Developed through industry collaboration, the Reserves Progression self-verification check list tool provides a detailed process for identifying opportunities to learn from industry-leading practice, promoting good practice and information-sharing.
Co-Chair of the task group that developed the tool, Katy Heidenreich, says: ‘Current data shows there are over 2bn boe in near-field opportunities that could potentially be unlocked through the promotion of good practice and innovation. Many of these opportunities may be marginal, technically difficult and geologically complex; this tool gives industry a consistent, integrated and systematic approach to progressing these resources and reserves. Improving our stewardship of these assets and collectively finding ways to increase the UKCS recovery factor from 43% means there’s an opportunity to add many millions of extra barrels of vital production using our existing infrastructure.’