More than three billion barrels of oil equivalent located in 350 unsanctioned discoveries remain in the UKCS, according to new data released by the Oil and Gas Authority (OGA).
In July, the Oil and Gas Authority launched its Decommissioning Strategy as a way of driving new ways of working across the oil and gas lifecycle. This week, the follow-up Delivery Programme was announced to explain how the Strategy’s objectives will be met moving forward.
Technology innovation is going to play a critical role in the next chapter of oil and gas recovery from the UK continental shelf (UKCS) and in driving export growth in our UK-based supply chain.
The 1st October marks a pivotal date for the Oil and Gas Authority (OGA) as we transition into a Government Owned Company, or GovCo, a step designed to reinforce our independence and our ability to act in the interests of the Maximising Economic Recovery (MER) UK Strategy. Since the OGA began we have made clear we believe strongly that the industry is best served by a successful “tripartite” approach bringing together the OGA, industry and the government to collaborate and help create the conditions for a successful next phase of the UKCS.
The Oil and Gas Authority (OGA) has awarded two contracts worth more than £2.5million to Schlumberger WesternGeco and DownUnder Geosolutions (DUG), in collaboration with Geopartners.
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
Egdon Resources said a number of changes have been made to licences after a number of extensions and conversions were approved by the Oil and Gas Authority (OGA).
The Oil and Gas Authority (OGA) has outlined its top three priorities in its newly published decommissioning strategy, including 35% decrease in costs.
The Oil and Gas Authority(OGA) has approved a two-year extension to Europa Oil & Gas for its PEDL 143 licence in the Weald Basin located in Surrey, UK.
Government and industry have a two year window of opportunity to ensure a strong future for the North Sea, a new report said.
The study said three in five oil and gas executives are positive about the basin’s future.
Titled, A Sea Change, the PwC report also said significant progress had been made to improve cost efficiency across the basin and noted a “real sense of urgency” to create one last “cycle of success”.
Trade body Oil & Gas UK (OGUK) us seeking data experts to help the industry make sense of one of the world’s largest collections of subsurface oil information.
The Government has promised greater security of North Sea oil and gas as part of its mission to deliver affordable, secure and clean power for Britain as the Energy Bill comes into law.