Better use of existing technology is required to halt the sharp decline in North Sea production, Oil & Gas UK Economics Director Mike Tholen said Wednesday ahead of an industry briefing on technology to be held by the organization in Aberdeen in December.
"We need to do more to halt the sharp decline in production that the UK has encountered over the last two years and technology is key," Tholen said in an Oil & Gas UK statement issued Wednesday.
"Through better use of existing technology and rapid adoption of emerging technologies, I am confident we have the capability to secure a sustainable long-term future for the oil and gas industry here in the UKCS. There are resources of 24 billion barrels of oil equivalent still to be extracted and this will require a radical approach embracing a new wave of technical innovations."
Oil & Gas UK said that delegates to its briefing at the Dec. 4 Aberdeen Exhibition and Conference Centre will also hear from Glen Cayley, who heads up technical matters for Shell Upstream International. Cayley will explain how Shell is identifying aids, including better deployment of technology, to overcome the technical, economical and commercial factors currently blocking production optimization, as well as outlining how these factors influence the company's strategy for exploration and production projects on the UK Continental Shelf.
Patrick O'Brien, group director for strategic business and marketing at oilfield services specialist Wood Group Kenny, will outline the various approaches the industry is taking to designing for subsea tiebacks to existing infrastructure. He will also discuss how the application of new technology in subsea projects can enable the UK's oil and gas reserves to be extracted more cost effectively from new satellite fields in the North Sea.
The event will also see Scottish Energy Minister Fergus Ewing explain how the Scottish government is supporting innovation and technology in the oil and gas sector. Earlier this year Scotland saw the launch of the Centre for North Sea Enhanced Oil Recovery with CO2 with funding from the Scottish government.
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