UKCS
GB gas demand is expected to be primarily met by supplies from UKCS and Norway this summer, with the balance secured from LNG, according to National Gas Trasmission
Researchers suggest developing a group of fields in reasonably close proximity to each other can enable economies of scale and lower development costs per barrel of oil
Industry reports suggest £15.3bn is forecast to be spent on the UK Continental Shelf until 2027
Oil & Gas UK says this makes up around 3% of the country’s entire greenhouse gas emissions
The Garten field is producing more than 16,000 barrels of oil equivalent per day
It is estimated to hold 300m barrels of potential recoverable volumes of oil and gas
Merger and acquisition activity on the UK Continental Shelf (UKCS) has passed the $8 billion (£6bn) mark this year as confidence returns to the sector. That’s the suggestion from Oil & Gas UK, which says the recent increase in market activity in the basin is likely to help attract new investment in the next few […]
More than 200 oil and gas platforms and close to 2,500 wells across the North Sea are scheduled to be decommissioned by 2025. That’s according to new information published by Oil & Gas UK and Decom North Sea. The groups say this will take place on 349 fields across the region, including six on the […]
New government-funded oil and gas exploration data has been made available for viewing. The Oil and Gas Authority (OGA) released the results of the £20 million seismic programme to promote exploration activity in underexplored areas of the UK Continental Shelf (UKCS). The information published contains nearly 19,000km of new mapping, new gravity and magnetic surveys, […]
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 […]