Targets & KPIs

OGA’s Key Performance Indicators

The move to net zero carbon

Area KP Measure KPI Target KPI Timing
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

Enhanced Asset Stewardship

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

Regional Development

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

Improve decommissioning efficiency

Area KP Measure KPI Target KPI Timing
Improve decommissioning efficiency Decommissioning costs 35% reduction in forecast total decommissioning costs from 2017 baseline estimate End 2022
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

Revitalise Exploration

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

People, processes and Systems

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