Requirements for the planning of and consent to UKCS Field Developments
Newly updated guidance has been published to support industry to successfully deliver the next generation of UK oil and gas field developments.
Fifteen new field developments are currently underway across the UK Continental Shelf (UKCS), worth approximately £15 billion in capital expenditure and estimated to deliver approx. 1.5 billion boe over the life of the fields.
In addition, around 50 projects are under consideration by the Oil and Gas Authority (OGA) which may lead to future development opportunities.
The OGA’s new “Requirements for the planning of and consent to UKCS Field Developments” guidance has been created with industry’s input in order to help achieve consistent delivery of successful high quality, high value projects.
The guidance puts a strong emphasis on the benefits of early project planning and supply chain collaboration, including the use of Supply Chain Action Plans (SCAPs).
In developing the new guidance, the OGA has incorporated principles established from current stewardship expectations and the “Lessons Learned from UKCS Oil and Gas Projects 2011-2016” report. Again, in consultation with industry through the Asset Stewardship Taskforce, the content has been comprehensively revised to help industry navigate through the process of developing a new field; from discovery to production.
Note – the FDP guidance was updated in October 2018 to take into account the updated financial guidance issued in August 2018.
The updated FDP guidance can be found here