OGA Awards UKCS Exploration Study Contracts
The Oil and Gas Authority has awarded four contracts, with a combined value of more than $7.9 million (GBP 6 million) over three years, for surface and subsurface studies to improve the understanding and maximize value in the UK Continental Shelf.
As part of the new contracts, Lloyd’s Register, British Geological Survey (BGS) and Schlumberger will conduct exploration work on the UKCS for a three year period. Lloyd’s Register has been awarded two of the four contracts to provide regional exploration maps and regional and field support engineering services to the OGA. BGS will provide geoscience project services that aid the identification, definition and quantification of leads and prospects and provide input data to the calculation of undiscovered resource volumes and Schlumberger will provide OGA with subsurface studies and reservoir evaluation services.
“In order to fulfil OGA’s goal to maximise economic value of the UKCS, it is vital we can independently assess remaining undiscovered resources and improve our geotechnical understanding” said Gunther Newcombe, OGA exploration, production and decommissioning director.
“In addition, OGA is seeking to drive regional development and protect critical infrastructure while promoting the best application of new technologies. The award of these contracts provides a valuable, additional technical resource to the OGA’s Exploration, Production and Decommissioning team,” he added.
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.