Walter rallies N. Sea oil and gas industry around ‘more-efficiency’ banner

Walter Thain
Walter Thain

The Efficiency Task Force (ETF), which marks its second anniversary this week, has announced that more 80 companies are represented across its projects and activities since it was set up two years ago in response to the crude oil price slump.

And more than 40 businesses operating in the North Sea have now signed the Industry Behaviours Charter, with a further 43 ‘efficiency champions’ driving good practice within their organisations.

But ETF Chairman Walter Thain has rallied the industry to maintain the momentum behind its efficiency drive.

He said: “Since our launch in 2015, the task force has undertaken a range of pan-industry initiatives which aim to promote and deliver greater efficiency in the oil and gas sector.

“Through improved efficiency we can ensure the basin is more sustainable and globally competitive. This means finding leaner, smarter and more innovative ways of working.

“In a short space of time we have achieved a great deal. For example, the industry guidelines promoted by the ETF are being used successfully by industry, as it reduces duplication and standardises processes. Our pioneering Efficiency Hub holds over 100 case studies that demonstrate the positive impact of these improvements.

“These initiatives have been successful because businesses have kept the door open to change. I am keen for us to build on this positive approach as we take the ETF forward into the next crucial stage.”

7 Sept 2017

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