North Sea collaboration shot
Report suggests that UKCS actors are slipping back into bad habits
UK North Sea industry regulators have warned of consequences for the future of the basin unless behaviours improve more quickly, after a report measuring collaborative behaviour across the UK continental shelf (UKCS) oil and gas sector revealed a decline in performance for the first time. The fifth annual Collaboration Index, by trade body Oil and Gas UK (OGUK) and financial services firm Deloitte, cautions that the North Sea could face returning to “old ways” that resulted in costs escalations and skills shortages. It further warns that the problems detailed in the report could hinder ambitions to transform the basin into a driver of the UK’s net-zero carbon economy. Plans for decarbonisin
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