The OGA launches 30th Offshore Licensing Round focusing on mature areas of the UKCS
The Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS) totalling an area of 114,426 km2 (28,275,280 acres).
Blocks are on offer in the Southern, Central and Northern North Sea, the West of Shetland and East Irish Sea, featuring a large inventory of prospects and undeveloped discoveries. The round will make use of the new Innovate Licence, developed by the OGA in collaboration with industry to create flexible, variable licences.
To support companies in their technical assessments, the OGA recently released around 140 datapacks on undeveloped discoveries which are included in the latest round offering. Of these, around 60 contain 'technical montages' which provide the discovery’s history, static and dynamic information and digital subsurface data.
In addition, regional geological maps covering the Central North Sea and Moray Firth were also made freely available on 19 July, together with a number of supporting datasets and studies. These can be accessed online via the Data Centre on OGA's website, as can an updated set of relinquishment reports and geospatial data.
Andy Samuel, OGA Chief Executive, said: "The 30th Licensing Round offers companies a significant opportunity to rebuild their portfolios; taking advantage of the flexible Innovate Licence, technology and improvements to the UKCS fiscal regime. These factors combined mean now is a very good time to invest on the UKCS.
"We are encouraging companies to take a fresh look at large areas of acreage, some of which has not been available since 1965, and make best use of the recently released information and new data packs to inform their applications."
The 30th Round is open for 120 days until 21 November 2017. Decisions are expected to be made in Q2 2018. This round follows on from recent successful rounds, with 12 licenses awarded to 10 companies in the Supplementary Round earlier in July and the 29th Offshore Licensing Round which awarded 25 licences for 111 blocks or part blocks to 17 companies for frontier areas of the UKCS in March 2017.
This round will be followed by the 31st Offshore Licensing Round, which is expected to once again focus on frontier areas of the UKCS, including those areas covered by the 2016 UK Government-funded seismic acquisition project of South West Britain and the East Shetland Platform. More than 13,500 km of new seismic data and approximately 20,000 km of reprocessed legacy seismic data is scheduled to be released to industry once the current 30th Round has closed.
- The 30th Offshore Licensing Round closes for applications at 14:00 GMT on 21 November 2017.
- 813 blocks are on offer. A full list of the blocks on offer can be viewed here.
- On 22 August 2017, the OGA and the Oil and Gas Technology Centre (OGTC) will jointly host a Technology Forum at the Aberdeen Exhibition and Conference Centre to focus on how technology can help unlock future oil and gas developments in the 30th Offshore Licensing Round. The event will be free to attend, to register your interest please click here.