UK offers more blocks for exploration

Britain’s Oil & Gas Authority Offshore 2016 Supplementary Round
(Courtesy Oil & Gas Authority)

Offshore staff

LONDONBritain’s Oil & Gas Authority (OGA) is inviting bids for new licenses to drill for oil and gas on 14 blocks offered under the Offshore 2016 Supplementary Round.

All the blocks are outside the UK’s 29th Oil and Gas Licensing Round offer area, which closed last month.

Locations stretch from the southern North Sea to East of Shetland. The terms include the “Innovate Licence” concept, introduced with last month’s 29th Round.

Andy Samuel, chief executive of the OGA, said: “The UKCS has both frontier and mature basins and this Supplementary Round is an important part of our approach to facilitate exploration across the whole of the UKCS.

“We are encouraged by the nominations from industry for licensing in these areas. The application of modern seismic techniques, improved collective understanding of the basin’s geology and a fresh perspective are vital to unlocking the remaining reserves in the UKCS’ mature areas.”

Bidders have until 16:00 on March 7 to submit applications.

12/06/2016 

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

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...