Over the last 40 years BP and other companies have invested in the North Sea platforms, pipelines and terminals to enable the development of oil and gas fields across the region.
This infrastructure remains one of the primary means through which we will develop the remaining North Sea resource over the next 30 years. Today we see the development of smaller fields which are more disparate in quality and are generally unable to fund major new infrastructure. In addition we have many more, smaller companies considering how best to access the North Sea for the first time looking to develop fields faster and cheaper.
As an industry we recognise that if we are to manage effectively the North Sea as a mature oil and gas province, we must develop and utilize this infrastructure to suit these new challenges. This includes the creation of new physical capabilities (e.g. system connections), new commercial and contractual capabilities (e.g. streamline contracts, transportation terms of access) and new operational services (e.g. contaminant handling).
We fully support the Infrastructure Code of Practice (on Access to Upstream Oil and Gas Infrastructure on the UK Continental Shelf). Of particular importance is the move to greater transparency (including the publication of key commercial terms). In addition to the Infrastructure Code we are also committed to conducting our business under the Commercial Code of Practice.
In my role as ''champion'' of these codes, I will always act to uphold our delivery standards against our obligations. I will also work with my counterparts in other companies to provide an industry network through which we will promote more effective relationships in support of unlocking issues that may be blocking progress.
Peter Newton, Midstream Manager