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OGA Publishes Activity Plan 2017 and 2018

Source: www.gulfoilandgas.com 3/16/2017, Location: Europe

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The Oil and Gas Authority (OGA) has published its Activity Plan 2017 and 2018. This document describes the 10 priority areas where the OGA will direct its efforts to continue to ensure maximum impact over the next two years, including an updated set of milestones and targets.

The Activity Plan retains and builds on the ambition, strategic priorities and operating framework described in the Corporate Plan 2016 – 2021, which was published amid difficult market conditions. This Activity Plan describes the considerable progress being made by the OGA, industry and government to maximise economic recovery, one year after the publication of the Corporate Plan.

2016 was an important year as the OGA became an independent government company with a suite of new powers. Close working with industry and government has led to: the development of a series of sector strategies; the removal of barriers to investment in the UKCS; and a set of stewardship expectations and guidance which outline what the OGA expects from industry and what industry can expect from the OGA.

The OGA has tracked over 70 success stories across the year; helping deliver cost savings to industry and acting as a catalyst to help industry deliver.

The OGA is largely funded by industry levy payers and is committed to delivering value to industry. This Activity Plan also includes details on the OGA’s projected income, expenditure and funding for the period 2017/18 to 2019/20 inclusive. The OGA has listened to industry and recently published its response to a consultation on an updated methodology to calculating the industry levy and establishing new fees.

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