Targets & KPIs

In April 2019, the OGA published its latest Corporate Plan, outlining the priority activities it will focus on over the next five years (2019-2024).

The plan includes a summary of recent industry and OGA performance and sets out a five-year work programme consisting of seven priority themes, 18 priority activities and eight key performance indicators (KPIs).

OGA’s Key Performance Indicators

Revitalise Exploration

Number Area KP Measure KPI Target KPI Timing
1 Revitalise Exploration Discovered recoverable resources 200 mmboe additional recoverable resources (five year rolling average) Annual

 

Enhanced Asset Stewardship

Number Area KP Measure KPI Target KPI Timing
2 Enhanced asset stewardship Production efficiency 80% UKCS average production efficiency End 2022
3 Enhanced asset stewardship Cost efficiency Maintain average UOC within +/- 15% of the 2017 level (2017 prices) Annual

 

 The move to net zero carbon

Number Area KP Measure KPI Target KPI Timing
4 The Move to net zero carbon UKCS CO2 equivalent emissions Net zero carbon basin by 2050 with an interim target of a 50% reduction in CO2 equivalent emissions by 2030 (from 2018 baseline) By 2030 and 2050

 

Regional Development

Number Area KP Measure KPI Target KPI Timing
5 Regional development Resource progression 300 mmboe from 2C to 2P annually Annual

 

Improve decommissioning efficiency

Number Area KP Measure KPI Target KPI Timing
6 Improve decommissioning efficiency Decommissioning costs 35% reduction in forecast total decommissioning costs from 2017 baseline estimate End 2022
7 Improve decommissioning efficiency Cost certainty For 90% of all assets, an AACE class 3 estimate (or better) should be submitted to the OGA at least three years before each planned decommissioning activity End 2021


People, processes and Systems

Number Area KP Measure KPI Target KPI Timing
8 People, processes and Systems Staff engagement 5 percentage point improvement in OGA positive engagement score End 2023