Follow us:
Subscribe to our e-newsletter
  • " alt="">
  • " alt="">
  • " alt="">
  • " alt="">

logo

  • News
  • Projects
  • Business and Finance
  • Innovation
  • Events
  • Online Magazine
  • Advertise
  • Contact
Home
  • News
  • Projects
  • Business and Finance
  • Innovations
  • Events
  • Online Magazine
  • Advertise
  • Contact
Quotes by TradingView

Setting the standards for the Australian oil and gas industry

23 Jan, 2019
27
Image via. Thermo Fisher Scientific.


Now, more than ever, oil and gas operators, suppliers, contractors and drilling companies must be aware of the need for a comprehensive set of standards that provide greater consistency of safe industry practices across the globe.

The World Economic Forum reports that the lack of standardisation is not only responsible for major budget blowouts but also significant schedule delays with 75 per cent of large exploration and production projects between 2010 and 2014 exceeding their budget by 50 per cent on average and half of these projects exceeding their schedule by almost 40 per cent.

According to Head of Structural Engineering at ROSEN Australia, Partha Dev, efficiency can be achieved by removing the bespoke requirements in engineering and procurement specifications of different operators, which he states, ‘only breeds waste and cost inefficiencies that can be ill afforded’.

“Australia is on the cusp of becoming the world’s biggest exporter of Liquefied Natural Gas (LNG) in 2019 as it sees the final portfolio of significant capital LNG projects going online this year. This is a perfect platform for Australia to play a greater role globally and help in evolving the energy industry in the digital era, by actively collaborating with the global community,” said Mr Dev.

In 2017, National Energy Resources Australia (NERA), successfully delivered a project to elevate Australia to full participating member status of the International Standards Organisation’s Technical Committee for oil and gas, petrochemicals and energy.

Australia’s participation is coordinated through Standards Australia’s committee that also oversees several working groups progressing specific initiatives to enhance Australia’s competitiveness.

This committee enabled Australia to become the 22nd country in the world to receive the participatory status, which gives Australia the power to influence and leverage its voice in the international standards arena.

“The first Australian sub-committee for Offshore Structures was born and mirrored to its corresponding ISO body,” said Mr Dev who chairs the sub-committee.

Within a year of its formation, the sub-committee brought together over 50 experts which represent over 1,500 years of collective experience from operators, service providers, regulatory bodies and universities across Australia, creating a ‘community of practice’ with its own voice in the international community.

To commemorate a successful year of fostering connections with the international standards community, in November 2018, Australia successfully hosted the annual plenary gathering of the international ISO Standards committee and the Standards Showcase.

The event saw more than 200 delegates from over 16 countries, representing the global oil and gas standards community jointly celebrating Australia’s role in the standardisation initiatives.

While Mr Dev is optimistic that these standardisation initiatives will bring about efficiency gains, he admits that the oil and gas industry may face challenges implementing them due to recent cost-challenging times and a lack of graduates coming through the door.

“These challenges can create an unbridgeable gap in the knowledge and experience bank in our sector, it can also seriously erode our ability to tackle the futuristic challenges thrown at us by a digital era of disruption,” explained Mr Dev.

“One way to buck this trend is for the industry to invest in an initiative to bring back the greying resource pool to team up with the millennials in a ‘reverse mentoring’ model. This will allow us to combine the wisdom of the ‘past’ with the disruptive innovation skills of the ‘present’ youth, to secure the ‘future’ of the oil and gas sector,” he stated.

The topic is set to be further discussed at the Australasian Oil & Gas Conference & Exhibition during a workshop by Engineers Australia.

Related Articles

APPEA welcomes National Resources Statement

Queensland Government awards licence to open the way for gas flow

Italian Parliament approves Bill to suspend exploration and production

WA Government signs initiative to cut flaring in petroleum industry

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

all news all projects

Latest Posts

  • Latest News
  • Latest Projects
18 Feb

APPEA welcomes National Resources Statement

13 Feb

Italian Parliament approves Bill to suspend exploration and production

11 Feb

WA Government signs initiative to cut flaring in petroleum industry

05 Feb

Wood Mackenzie: Exploration is back in the black

29 Jan

Australia forecast to lead FPSO deployments in Oceania by 2025

18 Feb

BHP approves Atlantis Phase 3 project

18 Feb

Rig contract secured for Ironbark prospect

13 Feb

Queensland Government awards licence to open the way for gas flow

12 Feb

Total makes potential game-changing gas condensate discovery

12 Feb

Po Valley announces maiden gas reserves for Selva Malvezzi field

Online Magazine

    Current Cover
  • Login
  • Subscribe

Free Newsletter

Stay up to date with our fortnightly newsletter.
All Product News

Product News

All Products and Services

Products and Services

Our Other Titles

  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2019 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required