Energy consultant Adil said yesterday it aimed to arrest declining interest in North Sea brownfield projects and potentially unlock 250million barrels of oil equivalent (boe).
The Aberdeen company announced it had refocused its specialist brownfield project management team to help operators drive improved efficiency in “this challenging sector”.
Adil has put a set of guidelines together to help the industry learn from its experience of what characterises successful projects.
It said: “These 10 brownfield rules provide operators and supply chain companies with the key to unlocking value in existing assets through project identification, selection, definition and execution in an operational context.
“Total volumes associated with potential brownfield projects have decreased by around 200million boe over the last 12 months to 1.1billion boe, according to (industry body) Oil and Gas UK.
“While some projects have proceeded to sanction over that time, a number are now seen as unviable against the backdrop of the falling oil price and high costs.
“If the decline rate is reduced by 10%, however, an additional 250million boe could be delivered over the next five years.”
Peter Brawley, the firm’s head of operations and brownfield projects, added: “The cost of oil and gas development on the UK continental shelf and other mature sectors around the world has risen substantially in recent years.
“With constricted capital expenditure focusing operator’s attention away from greenfield projects and towards lower cost, higher margin brownfield developments, maximising optimisation and value from field redevelopments requires a different approach.
“By creating a clear understanding of the project, the operational context and what project success looks like, coupled with good organisational capability, operators can eliminate risk and uncertainty.
“We have identified what characterises the more successful projects, then teased out their success factors.”
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