The UK’s Oil and Gas Authority (OGA) has made a final award totalling more than £200,000 in the last stage of its exploration licence competition, launched on 28 January this year.
The competition was launched by the then-Prime Minister David Cameron, as part of a package of government supporting measures for the oil and gas industry to stimulate further interest in offshore oil and gas exploration activity within the United Kingdom Continental Shelf (UKCS).
Following the receipt of the award, Australian-based Frogtech, Geoscience Wales and Geop4ysics will complete their new interpretations and products using data acquired during last year’s £20m seismic survey of the Rockall Trough and Mid-North Sea High (MNSH) areas.
Frogtech has approached the project using its Structurally Enhanced view of Economic BASEment (SEEBASE) product.
The company will produce a hand-contoured, depth-to-basement model of the Rockall and MNSH areas, which will provide an insight into the foundation of the geological basement.
Additional deliverables will include the interpretation of basement terranes, major structures and basement-derived heat flow.
Geoscience Wales’ project will be completed by six of its associates in the UK in a bid to document the potential petroleum systems present within the area.
Geop4ysics’ project will integrate rock physics into the overall interpretation of the MNSH data set to identify lithological variations.
OGA exploration, production and decommissioning director Gunther Newcombe said: “Despite the global downturn in the oil and gas industry, the overwhelmingly positive response to this competition highlights the tenacity and talent of the global geoscience community.
“All the projects submitted will provide greater insight into our understanding of the Rockall Trough and Mid-North Sea High areas, while adding value to our evaluation of 29th Offshore Licensing Round applications."
The exploration licence competition attracted more than 60 applications from the UK, Canada, the US, Australia and Europe.
Image: The exploration licence competition stimulates interest in offshore oil and gas exploration activity in the UKCS. UK Government.