Oil & Gas UK (OGUK) has launched the Efficiency Task Force (ETF), a group tasked with driving improvement, making the sector more competitive and supporting the drive to maximise economic recovery from the U.K. Continental Shelf.

The latest in a number of steps taken by the industry, the ETF is led by John Pearson, group president Northern Europe and CIS, AMEC Foster Wheeler and OGUK co-chairman.

The ETF will focus on three themes: cooperation, culture and behaviours; standardisation; and business process.

The ETF already is working to help companies rationalise their inventories, exploring opportunities for the pooling and sharing of items of high value kit and creating visibility of stock holdings across the industry.

In addition, the task force also is aiming to tackle the efficiency of compression systems, which have been identified as being accountable for at least 20 MMboe each year in production losses. Working with operators to identify the key drivers of the compression systems issues, the ETF aims to create cross-industry solutions and facilitate the sharing of industry good practices.

John Pearson said, “I’m delighted to announce the official launch of the Efficiency Task Force. It will encourage cooperation and focus on initiatives that add real value for our sector—helping the U.K. to compete globally.

“Tackling efficiency has been at the forefront of the industry minds for some time but has become more acute and urgent as the value of our end product has more than halved in the last year. We now need to step up, increase the effort and resource we’re putting in, and get the job done as a united industry.”

Offshore