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.

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Label Occurrences
Wood Review of UK offshore oil and gas recovery canonical 1

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Statements (48)

Predicate Object
instanceOf energy sector review ⓘ
government-commissioned review ⓘ
policy report ⓘ
abbreviation Wood Review ⓘ
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 ⓘ
UK Government ⓘ
linked to: UK government
commissioningYear 2013 ⓘ
country United Kingdom ⓘ
documentType independent review report ⓘ
focusesOn North Sea oil and gas ⓘ
UK Continental Shelf ⓘ
geographicScope UK Continental Shelf petroleum provinces ⓘ
UK North Sea ⓘ
hasAuthor Sir Ian Wood ⓘ
influenced Energy Act 2016 ⓘ
UK offshore oil and gas regulatory framework ⓘ
introducedAbbreviation MER UK ⓘ
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 ⓘ
subjectMatter hydrocarbon resource management ⓘ
offshore petroleum regulation ⓘ
timeContext mature basin with declining production ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Sir Ian Wood → notableWork → Wood Review of UK offshore oil and gas recovery ⓘ