Several recent exploration successes show there is still much to play for in the UKCS. With drilling maintaining the levels of the previous month, the outlook for 2010 is potentially as good as any year since 2006, except for 2008.
When compared with 2008, the pace of activity in the UKCS remains subdued, with only eight mobile rigs currently active on exploration and appraisal drilling - the same as last month - of which two are drilling sidetracks.
INTO the final quarter of 2008 and a total of 59 exploration and appraisal wells have started on the UKCS so far, an increase of 14 spuds over the same point in 2007 and a level of activity not reached until the start of December that year. Additionally, 36 sidetracks have so far been initiated this year.