Offshore companies have come together to create a steering group which will explore opportunities to maximise remaining gas reserves in the Southern North Sea.
The group is a mix of operators, duty holders, service businesses and supply chain orgnaisations.
The move comes after a flood of applications to be part of the initiative launched by the Oil and Gas Authority (OGA), Oil & Gas UK and the East of England Energy Group (EEEGR).
The work streams of the new SNS Rejuvenation Special Interest Group could help to secure the future of the offshore oil and gas industry in the east of England for more than two decades.
The first meeting will be held next month.
The group’s remit will be wide as they seek to maximise economic recovery (MER) of gas reserves.
Simon Gray, chief executive of EEEGR, said: “EEEGR is delighted to be working with the OGA and Oil and Gas UK in this vital piece of work. This could assist in securing the future of our industry for the region – protecting jobs and making sure that businesses in our region continue to reap the benefits of this industry.
“We will be providing the secretariat for the SIG and organising events that stem from the work streams that the SIG identifies.”
Members of the group include Shell, Premier Oil, Aker Solutions, Baker Hughes, SSE and Statoil.