UK Awards 113 Licences as part of 32nd Offshore Round
The UK’s Oil & Gas Authority (OGA) has offered 113 license areas for award as part of its 32nd Offshore Licensing Round, had been launched in July 2019. The license areas are located over 259 blocks or part blocks situated across the extensive frontier areas of the UK Continental Shelf (UKCS), including the Northern, Central and Southern North Sea, and the West of Shetland areas. The licences have been awarded to 65 companies, both individually and in consortia.
The OGA also announced that it will temporarily pause annual license round activity, and will not run the license round schedule for the 2020-21 period. It encouraged companies to continue acquiring data and conducting studies in preparation for the next licensing round, and deliver on commitments in their existing portfolio of licenses. The OGA will engage with industry on the timing and nature of the next offshore licensing round, it said in the statement.
The blocks awarded are located in mature, producing areas close to existing infrastructure, the OGA said in a statement. The majority of the licences will enter the initial term (Phase A or Phase B exploration stage), and 16 of the awards are for licences that will proceed straight to the second term, either for potential developments, or re-developments of fields where production had ceased and the acreage had been relinquished.
Deltic Energy Plc has been awarded six licences covering 2,155.5 sq. km. Five of these licences are located in the Southern North Sea, and one in the Central North Sea.
Premier Oil Plc has been granted a 50% interest in Blocks 42/28e and 42/29b in a licence located east of the Tolmount field development area in the Southern gas basin, and a 40% non-operated stake in another licence to the west of Tolmount. Premier Oil was also awarded Block 28/9f along with its joint venture partners, which is located adjacent to its Catcher Area fields in the Central North Sea.
Corallian Energy Ltd. was offered full ownership in the Victory gas discovery in Block 207/1a, the Laxford gas discovery and Scourie prospects in Blocks 214/29c and 214/30c, and the Oulton oil discovery in Block 3/11a. Hibiscus Petroleum Bhd was awarded four licences, including one block that contains the Teal West discovery.
Independent Oil & Gas Plc has been awarded four new UK Southern North Sea blocks, which are located adjacent to its existing assets and well within the range of the Thames Pipeline. United Oil & Gas Plc was provisionally awarded Blocks 15/18e and 15/19c, which cover 225 sq. km in an area close to the Marigold and Yeoman discoveries, as well as the substantial Piper, MacCulloch, and Claymore oil fields.
Further information about the 32nd Offshore Licensing Round is available on the OGA website.