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Fircroft Aberdeen attends 'New North Sea' event

Posted by: Yvonne English
01/09/2017
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Ahead of Offshore Europe 2017, Fircroft Aberdeen attended "The New North Sea" event this week at Aberdeen's historic Tivoli Theatre.

The event was designed to reflect on the changes that the UKCS (UK Continental Shelf) has made during the last 2 years of downturn and look ahead to what we must do to ensure that Aberdeen and the North Sea basin capitalises on the "the fledgling North Sea recovery".

The event was attended by a panel of industry experts:

  • Colette Cohen, Chief Executive of the Oil and Gas Technology Centre.
  • Nick Dunn, Services and Offshore Leader, Baker Hughes.
  • Paul de Leeuw, Robert Gordon University's Oil and Gas Institute.
  • Dave Lynch, BP's Vice President of Reservoir Development.
  • Neil Sims, Expro's North Sea VP.
  • Andy Samuel, Chief Executive of the Oil and Gas Authority (OGA).

The North Sea has experienced one of the most significant challenges it has ever seen and the panel discussed everything from monumental cost reductions to evolving technologies, collaboration and the fiscal regime - factors that have set us on a better path for recovery, as the oil price remains (and is likely to remain) around the $50 per barrel mark.

This being said, there was a strong message from the industry leaders:  Whilst we have made good progress, it's what happens NOW that will determine the future of North Sea Oil and Gas, and the UKCS must move faster if it is to compete in a global market.  

Continued changing behaviours and attracting investment is key to the success and longevity of the North Sea - a basin that still has sizable, currently undeveloped, reservoirs.

The Fircroft Aberdeen team were excited to be part of this exclusive event and gain an understanding of how industry leaders view the future of the North Sea.

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