OGA turns down North Sea license request

Offshore staff

LONDON Britain’s Oil & Gas Authority (OGA) has decided not to extend offshore licenses P2253 and P2258, operated by Burgate E&P.

According to partner Cluff Natural Resources, both licenses will therefore expire on Nov. 30. OGA will likely make them available for the UK’s next licensing round under more favorable “innovate terms.”

Last month, Cluff managed to secure extensions for licenses P2248, where it estimates potential gas resources at 1.73 tcf, and P2252, both of which it operates with a 100% interest.

11/03/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...