BPX recognised that a radically different approach was required in the management of its mature North Sea oil fields. In January 1994 the Beatrice, Buchan, Clyde and Thistle fields were brought together into a single mature asset - MAST - with the objectives of maximising economic recovery, extending the delivery of positive cash flows and deferring non-value adding abandonment expenditure. During 1994 the MAST team has achieved top quartile business performance when compared to other North Sea operators and aims to be best in class by the end of 1995. This has come about through aggressive cost reduction and maintaining/enhancing oil production, yet sustaining an already good HSE performance.

Key to this success has been the use of benchmarking data, the setting of extra-ordinary targets, the proactive evolution of the market place, the use of novel organisational structures and the encouragement of certain behaviours within the team. Success to date has provided the space to consider opportunities for growth such that there is now confidence that the MAST business will continue to make a positive cash flow contribution to BPX into the next millenium.

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