We will continue to undertake pro-active, structured and prioritised stewardship reviews with operators and licensees based on intelligence gathered, prioritising those with the greatest impact on MER UK.
The broader scope of oil and gas lifecycle asset stewardship, coupled with the increased capacity within the OGA, requires a structured, informed and prioritised approach using the improved asset stewardship information, data and tools at its disposal.
It is not possible for the OGA, or the industry, to conduct stewardship reviews for every asset in the UKCS across the lifecycle, therefore prioritisation is essential to focus on issues presenting the greatest stewardship impact. This will be based on delivery performance of the stewardship expectations, benchmarks and output from analysis of the UKCS Stewardship Survey.
We will take a structured, tiered approach to stewardship reviews, which will enable the OGA to share best practices, identify areas of performance and ultimately to consider whether or not the licensees are complying with their obligations under the MER UK Strategy.