Centrica chief: UK oil & gas industry needs to ‘collaborate more’ to Maximise Economic Recovery

Colette Cohen
Colette Cohen

The Technology Showcase in Aberdeen will highlight the need for the oil and gas industry to be more receptive to deploying new technologies to help make the North Sea more competitive and to delay economically-premature decommissioning.

Next week’s conference by the Industry Technology Facilitator and Oil & Gas UK will feature a number of industry leaders speaking about the role of technology in improving efficiency to reduce costs.

Colette Cohen, Centrica’s Senior Vice-President for the UK and the Netherlands, said: “For the North Sea, fit-for-purpose technology is needed throughout the life cycle of an asset – from exploration and development through to decommissioning.

“Reducing costs and improving efficiency can also delay decommissioning while reducing decommissioning costs can impact the overall economic viability of a portfolio.

“To make this sustainable for the supply chain, we need more companies willing to adopt new approaches and deploy new technology.

“We also need to collaborate and share our experiences if we, as an industry, are to maximise the North Sea’s potential in the face of low commodity prices.”

Dr Patrick O’Brien, ITF Chief Executive, added: “In a $30-barrel crude oil climate, operators want to see less long term research projects and more help to get technology that is nearly ready over the line.

The whole of UK’s oil and gas industry is under intense pressure in the current business environment of sustained low oil prices.
The industry is working closely with both the Scottish and UK Governments and its regulator, the Oil & Gas Authority, to adapt.
So book NOW for this first-of-a-kind event  with Aberdeen University

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The 2016 UK Oil and Gas Collaboration Conference – Aberdeen 14 April 

“There is however a view from the innovator community that the industry needs to be braver at deploying new technologies and taking more of a chance on field tests. The Technology Showcase will bring both of these audiences together to collaborate on the real life challenges and directly promote potential solutions to make the North Sea basin more viable.”

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