Targets & KPIs

We publish clear targets and are committed to reporting our progress against key performance indicators (KPIs) in our Annual Report and Accounts.

Our Corporate Plan 2016–2021 identifies stretch targets and key performance indicators (KPIs). Where appropriate, targets and KPIs have been reviewed and agreed by the MER UK Task Forces and performance will be measured against a 2015 baseline. For longer-term targets, incremental targets will be agreed so that performance can be effectively monitored. Our latest performance is published in our Annual Report and Accounts 2015-16.

OGA’s Key Performance Indicators

Revitalise exploration

  KPI

Target

Timing

Who

  Number of exploration and appraisal wells

50 per annum

Q1 2021

Industry with OGA support

  Onshore licensing activity

Regulate the drilling, fracking and testing of next shale well

Q4 2016

OGA

Improve asset stewardship

  KPI

Target

Timing

Who

  Production efficiency

80%

Q4 2016

Industry with OGA support

  OPEX reduction

30%

Q4 2018

Industry

  Enhanced oil recovery - mmboe
  (million barrels of oil equivalent)

250mmboe

Q4 2020

Industry with OGA support

Drive regional development and protect critical infrastructure

  KPI

Target

Timing

Who

  Reserves sanctioned

Review and deliver optimisation opportunities such as best infrastructure hosts, consolidation and help resolve commercial blockages

Q4 2018

OGA with industry support

  Critical hubs

Extend life of key hubs: SVT, FPS, CATS, St Fergus, SNS Terminals*

Q4 2020

Industry with OGA support

  Preliminary decision on terms for infrastructure
  access within four months

90%

Q4 2016

OGA

Improve decommissioning efficiency

  KPI

Target

Timing

Who

  Decommissioning costs

>35% reduction vs 2015 base case

2020

Industry with OGA support

  Policy positions

Maintain or improve

2018

Industry with BEIS advice and OGA input as required

  Supply chain market

Develop demand-led supply positions

2016 to 2021

Industry with OGA support

Leverage technology and data

  KPI

Target

Timing

Who

  Cost reduction from technology

30% to 50% cost reduction

Q1 2021

Industry with OGA support

  Additional value and barrels from technology

~4.5bn boe

Q1 2021

Industry with OGA support

Create the right conditions

  KPI

Target

Timing

Who

  Preliminary decision on informal dispute resolution
  issued within the timescale set out in guidance

90%

Q1 2021

OGA

  Dispute resolution cases

Year-on-year decline

Q4 2020

Industry with OGA support

  External perception of commercial behaviour

UKCS recognised as a co-operative place to do business

Q4 2020

Industry with OGA support

  Driving investment plan

Complete work with HMT focusing on exploration, infrastructure access and barriers to new entrants for late-life assets

Q4 2016

HMT with OGA support and evidence from industry

  Cost efficiency

Improvements of 30% to 40% from supply chain

Q1 2021

Industry with OGA monitoring and support