One of the recommendations of the Wood Review was that stewardship of the UK Continental Shelf (UKCS) i.e. the oil and gas industry should be taken on by an industry funded organisation. The UK government accepted the recommendations of Sir Ian Wood and since then have committed to establish the Oil and Gas Authority (OGA) which will be one of the first recommendations to be introduced.
Andy Samuel, currently Managing Director of BG Group’s Exploration and Production in Europe, has been appointed as the OGA’s first Chief executive joining from his current role as Managing Director of BG Exploration and Production in Europe.
One of the main roles of the OGA will be to maximise the economic recovery of the UK’s oil and gas resources which has been the subject of Sir Ian Wood’s review. There is a wide range of operating efficiencies throughout the North Sea Operators and production efficiency is likely to be high on the agenda of the new OGA.
We’ll be keeping a look out for updates on the OGA and we’ll be sure to keep this section of the news updated regularly and to assess the impact on our industry.
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