OGA Announces Measures to Stimulate UKCS Interest
The UK’s Oil and Gas Authority (OGA) has announced a number of measures designed to make data openly available and stimulate interest in the UK Continental Shelf (UKCS) ahead of the 30th Offshore Licensing Round.
The 30th Offshore Licensing Round will focus on more mature areas of the UKCS – some of which were last offered for licensing more than 40 years ago – and is expected to be the most significant offshore round in recent decades, according to an OGA statement.
Measures announced on June 19 include:
- A series of freely available subsurface data packages for 140 relinquished discoveries, including well and seismic data, well tops and selected seismic images
- Technical montages for 60 discoveries, including the discovery’s history, static and dynamic information and digital subsurface data to be used in interpretation software
- The launch of a technology event in Aberdeen in August, jointly hosted with the Oil and Gas Technology Centre (OGTC)
- An interactive map, showing undeveloped discoveries
- An interactive map, showing all license relinquishments since 2014
“We know that more than 3 billion barrels of oil equivalent (boe) remain in approximately 350 undeveloped discoveries across the UKCS,” Gunther Newcombe, OGA operations director, said in an organization statement.
“Data and technology are key to unlocking as many of these undeveloped discoveries as possible. That’s why we’re making this data openly available; to provide useful insights into each discovery and the potential these may hold,” he added.
Mike Tholen, Oil & Gas UK’s upstream policy director, said a lot of work was being done by industry and government to stimulate exploration on the UKCS and extend the productive life of the basin.
“With up to 20 billion barrels of oil and gas left to recover, access to the latest subsurface data will help industry pinpoint resources more accurately, increasing the probability of successful drilling campaigns, which will help attract much needed fresh investment into the basin,” he said.
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