The UK Government’s new Energy Act expected to pass into law in Spring 2016 will make it mandatory for North Sea oil and gas exploration companies to collaborate in order to achieve Maximum Economic Recovery (MER).
The oil and gas industry is currently in crisis – supply exceeds demand and has resulted in oil prices falling to less than half their value of 18 months ago, leading to postponement or cancellation of projects worldwide, and restructuring as many staff are laid off.
The industry trade association endorses this forthcoming legislation and the Oil and Gas Authority (OGA) is keen to foster voluntary collaboration at all levels of the industry. While – under the current economic imperative of the crude oil price slump – there are some stand-out examples of positive and e˜ective collaboration. But not enough.
Which is why The Institute of Energy at the University of Aberdeen and Scottish Energy News are organising this keynote energy industry conference.
The UK Oil and Gas MER Collaboration Conference will focus on helping all parts of the supply and operating chain to share best practice and benchmark with other process industries – such as construction and automotive.
For details of conference programme, speakers and sponsorship opportunities: