Most N. Sea oil projects are 10-months late and 35% over-budget – so things must change, warns industry chief

Gunther Newcombe
Gunther Newcombe

These findings – published recently by the industry’s trade association – will be the focus of a major oil and gas conference aimed at rectifying these shock statistics.

The event is organised by the Engineering Construction Industry Training Board (ECITB) and the Offshore Project Management Steering Group (OPMSG) will focus on how project delivery across the sector can be made more efficient to maximise project performance.

The conference – being held next week in Aberdeen – aims to offer fresh insights to industry participants, as well as new tools and examples of good practice that can be practically applied to current and future projects in the North Sea.

Keynote speakers include Gunther Newcombe from the Oil & Gas Authority and workshops will include sessions on the Brent Bravo Decommissioning Project, the Subsea7 & Centrica Partnership Approach and the Lancaster Field development project.

Chris Claydon, Chief Executive of the ECITB, said: “2017 has been another challenging year for many parts of the oil and gas sector.

“In order to manage our projects better, we must continue to invest in our people and operations, including in key areas such as new technology and supply chain innovations.

“This year’s conference will provide participants with expert insights and practical examples of effective project delivery both within and outside the sector – learnings that, if applied more widely, will bring significant benefits to clients, contractors and the wider supply chain alike.

“This will be crucial if we are to maximise economic recovery and achieve a sustainable future for the North Sea.”

Jim Lenton, joint Chairman of the Offshore Project Management Steering Group and Managing Director of Integrated Solutions at WorleyParsons, commented: “Improving project delivery is critical to the economic health of the oil and gas industry in the UK. This conference will highlight some of our challenges, but most critically will shine a light on what we can all do to drive improved performance. 

“ECITB tools such as the Project Collaboration Toolkit, and enhanced use of technology, show that while we have what we need, we now need to ‘grasp the good’ and together build a more efficient, sustainable future. Doing what we have always done won’t be the answer.”

24 Oct 2017

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