Wood Review of UK offshore oil and gas recovery
E538372
The Wood Review of UK offshore oil and gas recovery is a landmark 2014 report that reshaped the UK’s North Sea oil and gas strategy by recommending a new regulatory framework to maximize economic recovery from remaining reserves.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Wood Review of UK offshore oil and gas recovery canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
energy sector review
ⓘ
government-commissioned review ⓘ policy report ⓘ |
| abbreviation | Wood Review NERFINISHED ⓘ |
| addresses |
declining investment in UK offshore oil and gas
ⓘ
fragmented operator behaviour on the UK Continental Shelf ⓘ inefficient use of offshore infrastructure ⓘ |
| aimedAt |
UK energy policymakers
ⓘ
UK oil and gas industry ⓘ |
| commissionedBy |
UK Department of Energy and Climate Change
NERFINISHED
ⓘ
UK Government NERFINISHED ⓘ |
| commissioningYear | 2013 ⓘ |
| country | United Kingdom ⓘ |
| documentType | independent review report ⓘ |
| focusesOn |
North Sea oil and gas
ⓘ
UK Continental Shelf NERFINISHED ⓘ |
| geographicScope |
UK Continental Shelf petroleum provinces
NERFINISHED
ⓘ
UK North Sea NERFINISHED ⓘ |
| hasAuthor | Sir Ian Wood NERFINISHED ⓘ |
| influenced |
Energy Act 2016
NERFINISHED
ⓘ
UK offshore oil and gas regulatory framework ⓘ |
| introducedAbbreviation | MER UK NERFINISHED ⓘ |
| language | English ⓘ |
| ledTo | establishment of the Oil and Gas Authority ⓘ |
| policyTheme |
exploration and production optimisation
ⓘ
industry collaboration ⓘ infrastructure access and efficiency ⓘ maximising economic recovery ⓘ regulatory reform ⓘ |
| primaryObjective | maximizing economic recovery of UK petroleum resources ⓘ |
| proposedConcept | Maximising Economic Recovery UK ⓘ |
| publicationDate | 2014-02-24 ⓘ |
| publicationYear | 2014 ⓘ |
| recommended |
better access to shared offshore infrastructure
ⓘ
clearer long-term strategy for late-life assets and decommissioning ⓘ creation of a new arm’s-length oil and gas regulator ⓘ enhanced data sharing among industry participants ⓘ greater collaboration between operators on the UK Continental Shelf ⓘ improved stewardship of existing oil and gas fields ⓘ more effective exploration of remaining reserves ⓘ stronger regulatory powers over offshore licensing and infrastructure ⓘ |
| regulatoryOutcome | creation of a more proactive offshore regulator ⓘ |
| resultedIn | formal adoption of MER UK strategy by UK Government ⓘ |
| sector | offshore oil and gas ⓘ |
| sponsoredBy | UK Department of Energy and Climate Change NERFINISHED ⓘ |
| subjectMatter |
hydrocarbon resource management
ⓘ
offshore petroleum regulation ⓘ |
| timeContext | mature basin with declining production ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.