UK Firms Grab UKCS Study Deals

Published at 01:00PM - 02/08/16

The Oil and Gas Authority (OGA) has awarded four contracts for surface and subsurface studies to improve understanding and maximise value in the UK Continental Shelf (UKCS).

The contracts, worth over £6 million, aim to integrate exploration, development, production, late-life planning and decommissioning in the UKCS.

“In order to fulfil OGA’s goal to maximise economic value of the UKCS, it is vital we can independently assess remaining undiscovered resources and improve our geotechnical understanding,” OGA Exploration, Production and Decommissioning Director, Gunther Newcombe, said.

UK Firms Grab UKCS Study Deals

The contracts were awarded to Lloyd’s Register, British Geological Survey (BGS) and Schlumberger and have a three-year term.

Lloyd’s Register received two of the four contracts to provide regional exploration maps and regional and field support engineering services to the OGA.

BGS, in its turn, will provide geoscience project services that aid the identification, definition and quantification of leads and prospects and provide input data to the calculation of undiscovered resource volumes.

Finally, Schlumberger will provide OGA with subsurface studies and reservoir evaluation studies.

OGA Aims to Drive Regional Development

“In addition, OGA is seeking to drive regional development and protect critical infrastructure while promoting the best application of new technologies,” Newcombe added.

“The award of these contracts provides a valuable, additional technical resource to the OGA’s Exploration, Production and Decommissioning team,” he stated further.

The OGA has been set up to regulate, influence and promote the UK oil and gas industry.

The organisation has published a series of strategies to set the strategic direction of how the OGA and the industry can cooperate to maximise economic recovery (MER) from the UKCS, namely the Decommissioning Strategy and the Enhanced Oil Recovery Strategy.

Also recently, the OGA has launched the 29th Offshore Licensing Round, with more than 1,200 blocks on offer, which is expected to close by October 26th, 2016.