OGA Launches Supplementary Exploration Round in UKCS
The UK’s Oil & Gas Authority has launched a supplementary round to the 29th Oil and Gas Licensing Round offer, which was launched on July 27.
As part of the latest round, companies can now apply for new licences to drill for offshore oil and gas in 14 blocks. These blocks are outside of the 29th Round area, with locations varying across the UK Continental Shelf – from the Southern North Sea to the East of Shetland.
“The UKCS is unique in its position as both a frontier and mature basin and the supplementary round is an important part of our approach to facilitate exploration across the whole UKCS,” Andy Samuel, chief executive of the OGA, said.
“We are encouraged by the nominations from industry through the MER UK Exploration Board 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,” he added.
Companies have until March 7, 2017 to apply for the blocks on offer in the supplementary round.
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