North Sea Industry Warned Not to Over-Engineer Assets  | Rigzone

by  Rigzone Staff

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Wednesday, September 09, 2015

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Proserv CEO David Lamont warns the industry not to over-engineer assets in the North Sea if the basin is to have a future.

The CEO of a UK offshore engineering services firm has warned the industry not to over-engineer assets and infrastructure in the North Sea if the basin is to have a future.

At the Offshore Europe show in Aberdeen, Proserv CEO David Lamont said the industry needs to make significant changes to the way it behaves in order to bring about more collaboration and efficient business practices.

"Despite talk in recent years of the urgent need to act and collaborate, even before the oil price crash, the industry as a whole still has a long way to go. Everyone knows what needs to be done but the inertia in the industry is of great concern. The time is now to put a stop to this and make dynamic changes to the way we act and behave. Changing our approach to how we think and do business will see the industry thrive, rather than simply survive," Lamont said

Lamont wants to see the industry challenge conventional approaches to achieving lower expenses, such as the practice of simply challenging the supply chain to reduce costs.

"As a start, we must stop over-engineering if we are to reset the cost base. Realising the value of the huge number of marginal fields in the UKCS [UK Continental Shelf] will only be possible if we as an industry collaborate and cooperate to make the most of the existing infrastructure, enhanced only....

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