Sustainability Strategy Commitments

UKOOA Sustainability Strategy 2002 - First Report 1. Economic Sustainability 1.1 Operational Efficiencies through co-operation   Commitment No. 6 - North Sea economic co-operation "We are holding talks with the Norwegian oil and gas industry and our respective Government trade and industry departments on potential benefits of managing the northern North Sea as a single area of operation. Issues for discussion include harmonisation of standards, co-operation over research and development, operational synergies, joint branding of North Sea technology overseas and greater use of combined infrastructure of gas transport. We plan to widen this discussion in 2001-02 to include other countries, particularly the Netherlands, in investigating potential synergies across the southern North Sea." Progress to date : achievements and difficulties encountered A work group has been established which is jointly chaired by the British and Norwegian Energy Ministers. It includes representatives from operators and contractors in both countries. It is concentrating its efforts on removing any obstacles and finding solutions, in order to enhance value, in four main areas: infrastructure and the transport of oil and gas operational synergies/efficiencies opening of markets sharing the learnings of PILOT and Konkraft (Norway's equivalent of PILOT). The group plans to present its progress and findings at the Offshore Northern Seas conference in Stavanger in August 2002. Website References Konkraft : www.olf.no/konkraft OLF - The Norwegian Oil Industry Association : www.olf.no Next commitment [7. Generating new UK business] Previous commitment [5. Decommissioning - operational efficiencies through co-operation] Commitment listing

Sustainability Strategy Commitments