We’ve worked closely with the Technology Leadership Board, the Oil and Gas Authority, our Board and other industry organisations to identify the key challenges facing the industry.
The five themes from industry – Asset Integrity, Well Construction, Marginal Developments, Decommissioning and Digital Transformation - provide our focus for co-investing, developing and deploying innovative technology that will directly benefit the industry.
Downtime due to asset integrity costs the industry billions every year. Our aim is to eliminate failures due to asset integrity by 2026.
Reducing well delivery costs by 50% could unlock up to 5 billion barrels of oil and gas. The industry needs new technology to make this a reality.
New technology and field approaches are essential to unlock the big prize in UKCS small pools.
The Oil and Gas Authority has set a target for reducing decommissioning costs by at least 35% by 2035. We are committed to helping deliver this in a safe and environmentally responsible manner.
The oil and gas industry needs to embrace digital transformation and invest in the type of data-driven solutions that are already used in other industries.
Improving efficiency while maintaining safe operations is a priority for the industry, and a challenge that many of our technology projects seek to address.
Oil & Gas UK's Efficiency Hub provides an industry focus on finding smarter ways of working.
It's one stop shop for all things efficiency – information, news, case studies, industry initiatives and how you can get involved.
Click here to visit the Efficiency Hub.