OGA Offers Awards for Supplementary Offshore Round
The Oil and Gas Authority (OGA) has offered for award four licenses to three companies as part of the 31st Supplementary Offshore Licensing Round.
A total of 11 blocks were originally on offer in the round, which focused on the Greater Buchan Area of the UK Continental Shelf (UKCS). Four applications covering five blocks were received by the OGA.
The OGA launched the round in January, stating at the time that it presented an “exceptional opportunity” for oil and gas companies to collaborate to maximize economic recovery of up to 300 million barrels of oil equivalent in the Greater Buchan Area.
“From bringing together interested parties at an early stage to releasing extensive digital data in advance of the license round, the OGA sought to facilitate a common understanding and industry collaboration,” Scott Robertson, the OGA’s CNS area manager, said in an organization statement posted on the OGA’s website on Monday.
“The resulting commendable level of engagement between operators and high-quality applications enabled us to make awards confident that the right assets are going to be in the right hands to deliver the optimal MER development of the Greater Buchan area,” he added.
“We look forward to working with the awardees as they deliver on their work programs and commitments and to exploit the opportunities to re-purpose and sustain existing infrastructure,” Robertson continued.
Earlier this month, the OGA launched the 32nd Offshore Licensing Round, which is offering 768 blocks, or part-blocks, across the main producing areas of the UKCS.
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.