The North Sea oil and gas industry needs to work out how to tap marginal fields before decommissioning gets into full swing, two industry chiefs warned.
Successfully exploiting the untapped potential of small pools is fundamental to achieving MER UK and to securing the long-term future of the North Sea industry. Without them, we simply become an industry focused on inspection, repair and maintenance and eventually decommissioning. To keep our industry alive, we need to kick-start these developments.
It’s been an extraordinary year for the National Subsea Research Initiative (NSRI) whose launch coincided with the global decline in oil price.
Project director Gordon Drummond said while the situation added a whole “new dynamic” to what NSRI was trying to do, the body’s creation has been “hugely positive”.
Speaking to Energy Voice Drummond said within the subsea sector there remained a lot of activity in the research and development phase of work.