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Better inspection work on North Sea oil and gas platforms could help firms slash costs

kamit

North Sea ‪‎oil‬ and ‪gas‬ firms could increase their total profits by £1 billion a year amid the crude price plunge simply by getting better at detecting problems such as leaks from insulated ‪piping‬, ‪industry‬ leaders have claimed.

They believe that improved ‎inspection‬ and ‪maintenance‬ procedures will be key to improving the performance of firms in what is seen as a high cost area, in which efficiency has been declining.

The Technology Leadership Board reckons firms could find many ways to improve their performances in key areas are already in use in other industries.

 

Read more:

http://www.heraldscotland.com/business/14111634.North_Sea_firms_told____1bn_cost_savings_achievable_with_better_technology/