The management of North Sea infrastructure, the decisions needed over the next five years to keep operations stable, the opportunities still available, as well as the future decommissioning market are among topics Stephen Halliday, group president of Wood Mackenzie, Verisk Maplecroft and 3E Company will touch upon in his opening address entitled Maximising Investment in a Mature Basin.
Mr Halliday said: "The UK faces the dual challenges of the low oil price and declining investment. Progress has been made in making the sector more attractive, particularly with lower tax and a new regulator. However, action needs to be taken to ensure that we optimise investment returns and make use of existing infrastructure. Costs have been coming down – but the industry needs to see more collaboration, standardisation and exploration in order to maximise the value of the UK North Sea."
Stephen Marcos Jones, director of business excellence with Oil & Gas UK, said: “We are delighted that Stephen Halliday is addressing our conference. He will bring helpful insights on the future of the UK Continental Shelf that will be of huge interest to operators and companies working across the supply chain.” This year, for the first time, Oil & Gas UK is offering an efficiency ticket which is transferable between employees from the same organisation, allowing them and their colleagues to pick and choose the sessions they wish to attend.
More information or to book a place at The UK Oil and Gas Industry – Open for Business conference is available here.