OGA Names Final Winners from 28th Offshore Licensing Round
The UK’s Oil and Gas Authority (OGA) announced Monday the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.
In addition to the 134 licenses awarded in late 2014 as part of the latest licensing round, 41 new licenses were awarded today, making this one of the largest rounds in the five decades since the first licensing round took place in 1964. The OGA revealed that ENI was awarded three licenses, covering 23 blocks, Shell received one license, covering ten blocks, and OMV was awarded one license, covering nine blocks. Other companies that were awarded licenses as part of the second tranche of the 28th Offshore Licensing Round included BP, Total and Maersk.
Andy Samuel, Oil and Gas Authority chief executive, commented in an OGA statement:
“The UK Continental Shelf remains a world-class hydrocarbon province where significant resources and economic value remain to be realized. The good level of interest in the 28th Round highlights the continued attractiveness of the UK’s oil and gas resources. Licenses are however just a start and industry, government and the OGA now need to work together to revitalize exploration activity across the basin and convert licenses into successful exploration wells.”
Andrea Leadsom, UK Energy Minister, said in a government press release:
“We are determined to make the most of our North Sea resources to provide secure, reliable energy for hardworking families and businesses and reduce our reliance on volatile foreign imports. We are backing our oil and gas industry which supports hundreds of thousands of jobs across the UK. The 28th offshore licensing round comes after the government announced a major package of support in March to encourage $6.2 billion of additional investment in the North Sea which will prolong the life of this vital industry.”
The latest awards covered northern and southern sectors of the North Sea, as well as Morecombe Bay and areas west of the Shetlands. Companies that were awarded blocks in the first tranche of the 28th Offshore Licensing Round include Statoil, Enquest and Highland Petroleum.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension