Insight

Continued high levels of interest in UKCS acreage despite an uncertain future

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Report summary

Levels of interest in offshore acreage on the UK continental shelf remain high as demonstrated by the 28th UK Offshore Licensing Round. Offers of 132 licences covering 271 blocks were making this round relatively successful. However, only six wells have been committed thus far putting downward pressure on the outlook for E&A.

What's included

This report contains

  • Document

    Continued high levels of interest in UKCS acreage despite an uncertain future

    PDF 625.73 KB

Table of contents

    • 28th UK Offshore licence round
    • Small companies remain the most active
    • Central North Sea
    • Northern North Sea
    • Southern Gas Basin
    • Atlantic Margin
  • A declining number of commitment wells
  • An uncertain future for UK offshore exploration

Tables and charts

This report includes 6 images and tables including:

Images

  • Share of blocks offered by company type
  • Number of commitment wells
  • Licences Awarded since 2004
  • Continued high levels of interest in UKCS acreage despite an uncertain future: Image 2
  • Top 20 companies by block interests

Tables

  • Appendix - fields awarded in the 28th Licensing Round

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