Unlocking Value Through Closer Relationships

1

• Unlocking Value Through Closer Relationships
• PILOT Meeting
• 24th September 2002

2
The Launch

• Norway 28 August
• Joint Ministerial Announcement
• Press Conference
• Interviews
• Industry Roundtable Discussions
• UK 20 September
• Workgroup Leader Presentations
• QA Session
• Positive Reaction from
• Industry and the Media

3
Potential Benefits

• 2 billion Prize
• Increased reserves and accelerated development
• Extended field life and life of infrastructure
• Cost reduction
• Safety Improvement
• Overall Increased value of North Sea

4
Recommendations

• New Treaty and Guidelines
• Safety
• Infrastructure Improvements
• Supply Chain Links
• Continued Liaison
• through
• PILOT and KON-KRAFT

5
Next Steps

• PILOT and KON-KRAFT Endorsement
• Establish Implementation Group
• - facilitate adoption of recommendations
• monitor progress
• Form Consultation Groups
• support UK Norway Governments on new treaty
• develop Treaty guidelines
• support implementation of other recommendations
  as appropriate
• broad industry representation
• And on to Actions