Delivering MER: The Issues (14 April 2016)


"Delivering MER: The Issues" was held at the University of Aberdeen's Kings College Conference Centre on the 14th April 2016. The conference was run in partnership between the Aberdeen Institute of Energy and Scottish Energy News.

Presentations are available to download from the programme page.

 

Background to Conference

The UK Government's new Energy Act expected to pass into law in Spring 2016 will make it mandatory for North Sea oil and gas exploration companies to collaborate in order to achieve Maximum Economic Recovery (MER).

The oil and gas industry is currently in crisis - supply exceeds demand and has resulted in oil prices falling to less than half their value of 12 months ago, leading to postponement or cancellation of projects worldwide, and restructuring as many staff are laid off. The UK Government’s new Energy Act - expected to pass into law in Spring 2016 – will make it mandatory for North Sea oil and gas  exploration companies to collaborate in order to achieve Maximum Economic Recovery (MER).

The industry trade association endorses this forthcoming legislation and the Oil and Gas Authority (OGA) is keen to foster voluntary collaboration at all levels of the industry. While - under the current economic imperative of the crude oil price slump - there are some stand-out examples of positive and effective collaboration. But not enough.

Which is why The Institute of Energy at the University of Aberdeen and Scottish Energy News organised this keynote energy industry conference.

The UK Oil and Gas MER Collaboration Conference focussed on helping all parts of the supply and operating chain to share best practice and benchmark with other process industries - such as construction and automotive.