News listings
Equatorial Guinea Licence Round

energy-pedia licensing

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: OGA launches 32nd Offshore Licensing Round


11 Jul 2019

Photo - see caption

The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

As part of its continued commitment to improving access to quality data and insights, the OGA is making a significant volume of data available in support of the 32nd UK Offshore Licensing Round. The groundbreaking data packs have been carefully collated to assist industry in their efforts to stimulate exploration and encourage new opportunities within the mature areas of the UKCS.

Government forecasts show that oil and gas will remain an important part of our energy mix for the foreseeable future, therefore maximising economic recovery from the UKCS is vital to meet our energy demands and reduce reliance on imports.

The massive data release has involved collaboration with 11 companies, including operators and third-party specialists. It includes both UKCS-wide and more regionally-focused data packs and reports, including the deliverables from the first year of the government supported UKCS Petroleum Systems Project.

It is the largest publicly available geochemical database for the UKCS, representing over 90,000 geochemical samples from more than 2,700 wells. Other significant data sets include the open release of the Southern North Sea (SNS) Seismic Megasurvey which represents around 23,000 km2 of 3D post-stack seismic data; and a rock-physics study focused on the pre-Cretaceous prospectivity of the Central North Sea and East Shetland Basin.

'This latest release of carefully targeted, value-adding data demonstrates the OGA’s continued commitment to supporting industry in its efforts to revitalise exploration,' says Dr Jo Bagguley, Principal Regional Geologist at the OGA. 'We’re particularly excited about the geochemical database and the release of the SNS Megasurvey and look forward to seeing these, and the other released data packs, being used to good effect to support both 32nd Licensing Round applications and ongoing exploration activity in the basin.'

Photo - see caption

The data sets are being made available through the UK National Data Repository (NDR) and the OGA Website.

The 32nd Offshore Licensing Round is open for 120 days until the application closing date on 12th November 2019 (14:00 GMT). Decisions are expected to be made in the second quarter of 2020.

The OGA is also offering companies the opportunity to propose additional blocks in adjacent areas, for possible inclusion where applicants intend to commit to a substantial firm work programme. Submissions should be made to the OGA in writing before 16:00 GMT on 18th July 2019.

Companies may also be interested in the 5th Faroese Licensing Round, the timing of which has been aligned with the United Kingdom’s 32nd Licensing Round.

Original article link

Source: OGA





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1692
Completed deals: 5184

Company Profiles

Current Company Profiles: 2639

Corporate Activity

Current Corporate Activity articles: 3268

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1354

Geostudies

Current Geostudies articles: 637

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

RSK Logo 149
OPC
KL Publishing
Government of South Australia
energy365
Rose & Assocs 149
SLR Consulting logo
Bayphase
Union Jack Oil 149
Geoespace
EP Consult Energies
count geophysics
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com