Friday 21 April 2017

The Oil and Gas Authority (OGA) has reaffirmed its focus on the importance of collaboration and is urging industry to increase the pace at which licensees develop a culture of collaboration internally, and externally with existing joint venture (JV) partnerships and beyond.

Further to the recommendations of Sir Ian Wood’s UK Continental Shelf (UKCS) Maximising Recovery Review, collaboration was incorporated in the Petroleum Act 1998 as a key part of delivering the principal objective of maximising economic recovery (MER). Through the MER UK Strategy, collaboration was elevated from being a matter of general practice to a statutory obligation.

The OGA’s Asset Stewardship Collaboration Implementation Guide (SE-09) details how an organisation can demonstrate it is meeting the OGA’s requirements of this stewardship expectation, including the use of a recognised collaborative behavioural assessment tool within their JV and acting in accordance with voluntary codes of practice and charters.

Furthermore, today, the OGA published its Collaborative Behaviour Quantification Tool (CBQT) with supporting guidance. Developed with industry to provide an assessment of collaborative behaviours, it covers areas such as; negotiations, ability to learn and share experiences and constructive and flexible attitudes to change.

Andy Samuel, OGA Chief Executive, said: “Over the last two years, we have seen many positive examples of collaboration between companies leading to solutions to long-running issues. Significant value has been created as a result, however, there remains more to do if we are to maximise value from the UK’s considerable remaining hydrocarbon resources.

“With the publication of the OGA’s Asset Stewardship Expectations, the Collaborative Behaviour Quantification Tool and most importantly, with the right people round the table in constructive dialogue, we can continue to catalyse positive behavioural change.

“Improvements in company commercial behaviours make a fundamental impact on MER UK and underpin our vision for the UK’s oil and gas industry.”

Following a successful pilot with Chevron North Sea Limited (CNSL) in Q4 2016, CBQT will now be undertaken by operators and the OGA every two years, starting in 2017. Under CBQT, operators may be requested by the OGA to submit an improvement plan within six months of the review which will focus on improvement of collaboration behaviours.

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