Glengorm Area Will Likely be an Industry Hotspot
The Glengorm area will likely be an industry hotspot in the coming years.
That’s according to Rystad Energy Principal Simon Sjothun, who made the statement in a Rystad Energy comment that was sent to Rigzone following CNOOC Limited’s announcement of a new discovery on the Glengorm prospect.
“Glengorm represents an exciting new chapter for the UKCS that continues to yield new resources and opportunities despite its mature nature,” Sjothun said in the company comment.
“With further appraisal and exploration likely to be undertaken, the Glengorm area will likely be an industry hotspot in the coming years,” he added.
In the comment, Rystad Energy said other prospects have been identified and are “likely de-risked given the positive results at Glengorm”.
“It is likely that the Glengorm license will target these prospects in the near to medium term. If successful, this could pave the way for a Glengorm area development,” Rystad Energy Senior Analyst Sonya Boodoo said in the Rystad Energy comment.
The Glengorm discovery has been described by Oil & Gas UK and the Oil and Gas Authority (OGA) as “major” and “significant”, respectively.
Oil & Gas UK describes itself as the leading representative body for the UK offshore oil and gas industry. The OGA’s role is to regulate, influence and promote the UK oil and gas industry in order to maximize the economic recovery of the UK’s oil and gas resources.
Rystad Energy is an independent energy research and consulting firm headquartered in Norway with offices across the globe, including Aberdeen and London.
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