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The Oil and Gas Authority has offered 1,261 blocks as part of the frontier 29th Offshore Licensing Round. The acreage on offer is in frontier and under-explored areas of the UK sector, including the Rockall Trough, Mid North Sea High and the East of Shetland Platform. A new 'Innovate' licence type has also been announced which should provide flexibility to the smaller cash-strapped) companies. The data released from the UK government-funded seismic programme in 2015 should encourage further evaluation of these frontier areas. Companies can bid on the acreage until 26 October 2016. We assume the awards will be made in the second quarter of 2017.
What's included?
This report includes 3 file(s)
UK 29th offshore licensing round launch PDF - 1.62 MB 16 Pages, 4 Tables, 14 Figures
29th round data.xls XLS - 514.50 KB
Maps.zip ZIP - 15.45 MB
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Aug 2016
UK 29th offshore licensing round launch
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