Trade body Oil & Gas launches the first phase of a project that aims to stimulate more exploration on the UK Continental Shelf.
Oil & Gas UK announced Tuesday that it has launched the first phase of a project that aims to stimulate more exploration by promoting new and existing plays on the UK Continental Shelf (UKCS).
The trade body said it has commissioned SLR Consulting to complete a three-month preliminary study that will result in an exploration road map for the region.
Oil & Gas UK Operations Director Oonagh Werngren commented in a statement:
"The aim of the 21st Century Exploration Road Map is to contribute to improving exploration success and address the 50-percent decrease in the number of wells drilled. The outcome of the preliminary study will provide industry with the specifications for a subsequent implementation project to deliver an on-line, more dynamic source of digital geological maps summarizing current subsurface understanding and the hydrocarbon resources potential within key areas of the UKCS.
"The project is one of several being driven by the PILOT Exploration Task Force, which works together with the Department of Energy and Climate Change (DECC), to revitalize exploration and ensure the economic recovery of oil and gas resources from the UKCS. It aligns with the recommendations put forward by the recent Wood Review, which identifies the urgent need to evaluate new and unexplored reserves and create an up-to-date perspective of the geology of the UKCS together with tools to ensure more effective sharing, and updating, of data across the industry."
Oil & Gas said the initiative is being supported by the UK Department of Energy and Climate Change, the British Geological Survey, the National Environmental Research Council and Common Data Access, as well as exploration companies, operators and oilfield services firms.
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