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UK 29th offshore licensing round launch

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Report summary

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 contains

  • Document

    29th round data.xls

    XLS 514.50 KB

  • Document

    Maps.zip

    ZIP 15.45 MB

  • Document

    UK 29th offshore licensing round launch

    PDF 1.62 MB

  • Document

    UK 29th offshore licensing round launch

    ZIP 17.33 MB

Table of contents

Tables and charts

This report includes 18 images and tables including:

Images

  • Criteria for success
  • 29th round: Mid North Sea High, East of Shetland Platform and Rockall Trough acreage on offer
  • Timeline: 186 days
  • Location of Rockall Trough acreage on offer and legacy wells
  • Location of Mid North Sea High acreage on offer and legacy wells
  • Location of East of Shetland Platform acreage on offer and legacy wells
  • International fiscal comparison
  • Sensitivities North MNSH Tertiary (25 mmboe)
  • Sensitivities South MNSH Carboniferous (50 mmboe)
  • NPV10 and IRR with oil price variance
  • UK 29th offshore licensing round launch: Image 11
  • OGA key events
  • Innovate licence timeline
  • Well spuds and oil price

Tables

  • Summary of offered acreage
  • Summary of government-funded seismic campaigns
  • Summary of government-funded gravity and magnetics surveys
  • Firm wells and licences per round

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