News listings
Bayphase Oct 2017

energy-pedia general news

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: OGA seeks consultation on funding a UK National Data Repository


12 Nov 2017

Photo - see caption

The UK's Oil and Gas Authority (OGA) is seeking views from the UK oil and gas industry on the establishment of a United Kingdom National Data Repository (NDR), which would be funded through the OGA levy payable by all offshore petroleum licensees.

A four-week consultation opened 10 November 2017 to gather feedback and insights from industry on the creation of an NDR required to improve access to UK petroleum related information, which will help to promote investment and deliver the principal objective of maximising the economic recovery of UK petroleum (MER UK).

Offshore petroleum licensees have obligations to report licence-related information to the OGA, which many licensees discharge primarily through a digital data repository operated by Common Data Access Limited (CDA) which is a subsidiary of Oil & Gas UK, which is a trade association for the UK offshore oil and gas industry.

However, access to the CDA repository and full benefits of the service, including the collaborative functionality to share information within licence groups, is limited to fee paying subscribers only.

The OGA regards the establishment of a UK NDR as an important commitment in fulfilling a key recommendation of the Wood Maximising Recovery Review (1), in ensuring ready access to timely and transparent data to facilitate MER UK. An NDR will preserve, regulate and provide greater access to the country’s collection of high quality petroleum-related information.

Nic Granger, Director of Corporate, OGA said:

'The prize from the UKCS is still significant with 10 to 20 billion barrels of reserves remaining. Unlocking this requires access to good quality data and the creation of a UK NDR would be a vital step in ensuring data is easily available to stimulate investment and exploration to deliver maximum economic recovery from the UK.'

The OGA is proposing to establish a two-year contract with CDA to offer services, including access to qualifying elements of the current data, to establish an NDR that will be available to all levy payers. If taken forward, this service would be funded through an increase in the levy, but would include a removal of the corresponding CDA membership fees.

It is expected that the levy funded NDR service would commence in January 2019. The consultation period closes on 8 December 2017.

(1) The Wood Maximising Recovery Review, published in February 2014 stated: 'The ready access to timely data is a prerequisite for a competitive market and this is even more important in an industry which relies on good data to create value'. The OGA Activity Plan 2017 and 2018 stated the intention to implement an operating model for a NDR to improve access to offshore petroleum related information.

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.


Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1658
Completed deals: 4717

Company Profiles

Current Company Profiles: 2531

Corporate Activity

Current Corporate Activity articles: 2961

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1189

Geostudies

Current Geostudies articles: 530

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

SLR Consulting logo
Government of South Australia
energy365
Bayphase
Lynx Information Systems
KL Publishing
count geophysics
Union Jack Oil 149
Rose & Assocs 149
EP Consult Energies
OPC
RSK Logo 149
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