UK’s petroleum ‘could last 20 more years’

The UK’s remaining petroleum reserves could last for at least 20 more years. That’s according to a new report from the Oil and Gas Authority (OGA), which suggests they could last even longer if additional undeveloped resources, ranging between 10 to 20 billion barrels of oil equivalent (boe), can be matured. To date, a total […]

UK offers £5m for North Sea oil and gas exploration

UK Chancellor Philip Hammond has announced a £5 million fund to support new oil and gas exploration in the North Sea. The funding will be used by the Oil and Gas Authority (OGA) to survey underexplored areas of the UK Continental Shelf (UKCS). The government believes its work with industry on new subsea technologies could […]

Large UKCS fields ‘could extract extra 900 million barrels of oil’

Hundreds of millions more barrels of oil could be extracted from the UK Continental Shelf (UKCS) from a selected number of large oil fields. That’s according to the Oil & Gas Authority (OGA), which suggests this can be done by increasing the recovery factor (RF), i.e. the overall proportion of oil expected to be extracted […]

OGA offers new oil and gas exploration blocks

The Oil and Gas Authority (OGA) has launched its 30th round of offshore licensing. The offering focuses on mature areas of the UK Continental Shelf (UKCS) and includes 813 blocks or part blocks, totalling an area of more than 28 million acres. Blocks are on offer in the Southern, Central and Northern North Sea, the […]

Third Energy submits UK fracking plans

Third Energy has submitted its final fracking plans for shale gas in North Yorkshire. The Hydraulic Fracture Plan (HFP) for the Kirby Misperton area will be considered by the Oil and Gas Authority (OGA) and the Environment Agency (EA). The HFP sets out how the company would control and monitor the process and is a […]

New strategy to recover North Sea’s tight gas

The Oil and Gas Authority (OGA) has published a new strategy to maximise the recovery of tight gas from the Southern North Sea (SNS). The organisation estimates there are roughly 3.8 trillion cubic feet of accessible tight gas remaining in the region. This is natural gas trapped in low permeability reservoirs where conventional drilling is […]

UK oil and gas production efficiency rises to 73%

Production efficiency on the UK Continental Shelf (UKCS) has risen for the fourth consecutive year to 73%. That represents an additional production of 12 million barrels of oil equivalent (boe), according to the Oil and Gas Authority (OGA). Its new report reveals recent years have seen the UKCS reverse the declining trend in both production […]

OGA awards 25 licences for oil and gas exploration

A total of 25 licences have been awarded to enable further oil and gas exploration and production on the UK Continental Shelf (UKCS). It is part of the Oil and Gas Authority’s (OGA) 29th Licensing Round – the first in two decades focusing solely on frontier, underexplored areas of the Rockall Basin, Mid-North Sea High […]

Most UK oil and gas projects ‘late and overbudget’

The vast majority of oil and gas projects in the UK North Sea have been delayed and delivered overbudget in the last five years. That’s according to a new report from the Oil & Gas Authority (OGA), which reveals fewer than 25% of oil and gas projects were delivered on time – averaging at 10-month […]

New scheme to optimise oil and gas decommissioning

A new multi-operator scheme aims to increase the efficiency and reduce the costs of oil and gas decommissioning. The Oil and Gas Authority (OGA) is currently searching for firms to join the Well Plug and Abandonment Optimisation Programme, which aims to demonstrate the improvements that can be made in the sector. Participants must have at least one well to be decommissioned within the project […]