The oil and gas industry’s drive to increase collaboration between suppliers and operators in the UK Continental Shelf (UKCS) has continued to maintain a consistent performance. This is according to an annual survey published by Deloitte and Oil & Gas UK which includes the Collaboration Index, measuring the effectiveness of companies as partners in collaboration.
The findings of the UKCS Upstream Supply Chain Collaboration survey 2018 showed that, while activity levels in the basin were gradually picking up and the appetite for collaboration remains very high, the industry-wide Collaboration Index score of 7.1 has remained the same as 2017. This is a strong sign that the industry can increase efforts to build on the track record it has attained over the past three years.
Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.
The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK.
