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North Sea gets 12m barrel boost from improved efficiency, OGA report says

By David McPhee
View from the Gullfaks C platform in the North Sea. PIC: Harald Pettersen
View from the Gullfaks C platform in the North Sea. PIC: Harald Pettersen

The North Sea yielded an additional 12 million barrel bounty last year thanks to five years of production efficiency (PE) improvements, a new report by the Oil and Gas Authority (OGA) claims.

A 1% improvement in production efficiency, meaning an overall rise to 74% production for 2017, saw an additional 32,000 barrels of oil (BOE) per day from the North Sea in 2017.

The report, UKCS Production Efficiency in 2017, compares actual production to the theoretical maximum economic potential of the fields (and associated infrastructure), compared to previous years.

>> Read more on Energy Voice here <<