Deepwater Operations IOR Challenges & Opportunities writing sample

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TEKSTLEVERANSE BRODD COMMUNICATION Utgivelse / tittel på avis: Deepwater Operations Sak nummer: 10 (Konkrafts punkter til IOR) Sak tittel: IOR—challenges and opportunities Sjanger: Aktuelt 2 Antall tegn bestilt: hovedsak 1700 Antall tegn levert: 1724 Journalist: Gunn Iren Kleppe

IOR—challenges and opportunities Increased recovery represents a number of challenges—and opportunities—on NCS. Despite an already high recovery factor, enormous reserves are left behind and possibilities for value creation are missed. This spring, KonKraft presented their recommendations on IOR and cost reduction. KonKraft is a collaboration between the Norwegian Oil Industry Association, the Federation of Norwegian Industries, the Norwegian Ship Owners’ Association and the Norwegian Confederation of Trade Unions. The group had been assigned the task of drawing up recommendations based on a recent report on increasing recovery (the Åm committee). In order to accomplish this, task forces were established in the areas of contracts & procurement, reservoirs & wells plus cost reduction & strategy. Their recommendations include initiatives within technology, subsea, standardized contracts, continued improvement, cost reduction and life-time costs. – Those are some of the most important areas, KonKraft Leader Hans Petter Rebo points out. One example involves reviewing and updating existing standard contracts in order to reduce contract administration, enable more suppliers to bid on contracts, and reduce smaller companies’ need for such expertise. – It is about contract efficiency and cost reduction, Rebo explains. The Norwegian model – There are challenges and opportunities ahead in implementing the suggestions, he admits. It will require effort on part of all parties involved. – IOR decisions are often time critical, he continues. However, he finds the Norwegian model of collaboration between industry and trade unions very useful. – It is time consuming, but you gain a lot when decisions are made—and it is a means to stay competitive.


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