The Oil and Gas Authority (OGA) has launched the UK’s 32nd offshore licensing round as the industry seeks to restore exploration activity.
Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.
Explorers are in the grip of an existential crisis as the energy transition gathers pace, an analyst said today.
One of the big challenges facing the UKCS is the need to increase the amount of exploration activity – the eight exploration wells drilled in 2018 represented the lowest level of activity since 1965, although there have been some notable recent successes such as the massive Glengorm gas discovery announced by Total in January and the technical success rate over recent years has averaged more than 50%.
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
When we published our Business Outlook earlier this year, there was clear evidence of the building momentum around exploration.
North-west Europe is experiencing a renaissance in high-impact exploration, a new report said.
The global oil and gas exploration sector has got its “mojo” back, a new poll says.
Westwood Global Energy reports that there were three active exploration wells at the time of writing(April 30).
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.
The Oil and Gas Authority has pledged to become “increasingly robust” in an effort to revitalise exploration in the North Sea.
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.
Drilling has got under way on the Rowallan exploration well in the central North Sea, project partners said today.
The UK oil industry’s regulator said today that it was “encouraged” by the response to the latest North Sea frontier licensing round.
Just over a fifth of oil produced over the last decade in the UK has been replaced through exploration, a new report said.
North Sea oil firm Neptune Energy has appointed a new head of exploration.
A combination of higher crude prices, lower costs and less competition means the time is right for oil firms to go exploring, a new report said.
A partnership of BP and Kosmos Energy has won the rights to exploration areas off the coast of West Africa, according to a news report.
Energy industry veteran Algy Cluff has called for a renewed focus on maximinsing recovery of North Sea oil and gas reserves.
The Irish Government has extended two of Europa Oil and Gas' exploration licences by two years to July 2019.
The North Sea is finally "coming up for air" after a tough two years, according to a leading industry expert.
Gas exploration and production (E&P) firm VNG has awarded Front End Engineering and Design (FEED) contracts to Subsea 7, Technip FMC, and Aker Solutions
Iraq is to start offshore exploration in a bid boot its OPEC reserves, the country's oil minister has claimed.
Statoil today confirmed it would increase its exploration drilling by 30% in 2017.
SeaBird Exploration has warned it may have to lay up further vessels as it reduces its fleet capacity.