Workforce Report 2019

WORKFORCE REPORT 2019

Production The level of production (measured as boe per offshore worker) can be used as an indicator of overall productivity. Total production was 619 million boe in 2018 (27,107 boe per core worker and 12,629 boe per worker), 4 per cent higher than 2017, having increased by 20 per cent over the past five years. This performance has been underpinned by new field start-ups — peak output from fields which have commenced production over the last five years accounting for around half of expected 2019 output — as well as improved production efficiency, which is now at the highest level for a decade. Combined with the reduction in offshore workers, the number of barrels per offshore worker has increased by 5 per cent in 2018 and risen by 57 per cent since 2014. This trend is expected to remain steady through 2019, with production forecast to remain strong and the number of offshore workers likely to remain relatively stable. The levels do, however, remain lower than prior to 2011 when production was higher than current levels with a similar number of offshore workers.

Figure 11: Annual Production per Offshore Worker

70,000

Barrels Per Core Worker Barrels Per Worker

60,000

50,000

40,000

30,000

Production (boe)

20,000

10,000

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: Vantage POB, OGUK

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