A senior official at the UK oil and gas regulator has signalled that the North Sea industry should expect “a big push” in the coming months aimed at improving the performance of existing and new development wells and to encourage more to be drilled.
Gunther Newcombe, operations director at the UK's Oil & Gas Authority (OGA), said 30% of the active well stock on the UK continental shelf is currently shut in and many wells that are in production do not perform as well they could, leading to too much lost output and wasted money.
