North Sea cost-busters go global

The organisation which has produced up to 40% savings on North Sea offshore projects since 1993 now aims to make the UK offshore industry competitive anywhere in the world. The Cost Reduction Initiative for the New Era (Crine), set up five years ago to reduce North Sea costs, has almost completed its initial remit of […]

The organisation which has produced up to 40% savings on North Sea offshore projects since 1993 now aims to make the UK offshore industry competitive anywhere in the world.

The Cost Reduction Initiative for the New Era (Crine), set up five years ago to reduce North Sea costs, has almost completed its initial remit of drawing up standard specifications and common working practices.

The renamed Crine Network will now take the initiative forward on a global stage, with the aim of encouraging co-operation between operators, contractors, suppliers and individual governments.

A conference in Aberdeen on 25 February will set out specific goals for the Network.

Francis Gugen, the managing director of Amerada Hess and chair of the organisation’s executive committee, said: `We must become competitive anywhere in the world by 2000′.