Economic Report 2018

ECONOMIC REPORT 2018

5.2 Industry Action to Sustain Cost Improvements - The Efficiency Task Force The cross-industry Efficiency Task Force (ETF) is a catalyst to drive continued performance improvement across the UKCS, aiming to seek out, promote and provide access to efficient best practice across the oil and gas industry, while maintaining safe operations. The ETF was formed by industry in 2015 to help ensure the sustainability of cost improvements that had already been initiated before the downturn and is now seen as vital in maintaining long-term competitiveness. The ETF: • Develops tools and guidelines to drive improvements in key focus areas • Promotes and captures the impact of industry efficiency initiatives, as well as providing access to efficiency tools, lessons learnt and networking opportunities • Continually improves outputs by gathering and acting on feedback to maximise impact and improve industry operations

Focus Areas Business Processes – Promote cross-industry collaboration to improve efficiency in Inventory Management, Procurement, Logistics, Maintenance and Compression Systems processes Standardisation and Simplification – Develop guidelines and tools to promote the simplification and standardisation of Subsea Development Projects and Engineered Products Co-operation, Culture and Behaviours – Lead the cross-industry effort to drive improvements in culture and behaviours, by promoting the Industry Behaviours Charter , the Efficiency Champions Network , the roll-out of Efficiency Roadshows across industry and sharing Case Studies on the Efficiency Hub

employees Efficiency Roadshows held to date, engaging more than 12 800 More than 100 case studies 7.1 in 2017 on the Efficiency Hub that can help industry to work smarter and become more competitive

efficiency champions, driving change and challenging old habits 200 +

Progress 80

companies engaged in ETF projects

+

500 downloads of ETF guidelines

Collaboration index score increased from 6.6 in 2016 to

Around

Efficiency Hub The Efficiency Hub is industry’s one-stop shop for all things efficiency. It hosts guidelines and tools for companies to use and share, as well as more case studies showcasing new ways of working to improve operations and produce significant efficiency gains.

oilandgasuk.co.uk/efficiency

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