‘Will these blocks ever be licensed again?’ Over 5,000 km2 of North Sea exploration given up
More than 5,000 km2 of North Sea exploration acreage was surrendered today as deadlines for licences hit the industry.
More than 5,000 km2 of North Sea exploration acreage was surrendered today as deadlines for licences hit the industry.
A relatively newcomer to the North Sea is steaming ahead with plans to revolutionise the recovery of heavy oil from the North Sea.
A total of 17 oil and gas operators have been awarded licences in the 29th 'frontier' offshore Licensing Round.
The oil and gas watchdog hailed a “really positive” North Sea licensing round despite a much smaller number of companies applying for acreage this year.
Aberdeen-based Parkmead Group has “tonnes of firepower” left for acquisitions after doubling its stakes in two North Sea fields, the oil and gas firm’s boss said yesterday.
The UK’s oil and gas industry regulator today launched the 29th offshore licensing round with blocks in a number of “under-explored, frontier areas” up for grabs. In total, 1,261 blocks have been made available during the round, which will be open to applications until 2pm on October 26. The competition will give the Oil and Gas Authority (OGA) a clearer picture of the merits of a seismic survey programme carried out last year using £20million of UK Government funds.
Energy Voice sat down with the Oil and Gas Authority's director of exploration and production, Gunther Newcombe, to discuss how the 29th licensing round differs from previous rounds and learn more about its many North Sea firsts.