RE: Blocks29 Jul 2019 21:59
Interesting that 34 companies attended and JOG were awarded the Blocks.
That's pretty impressive by the BOD at Jersey oil & gas.
Prior to this, an information day on the Greater Buchan Area was held at the OGA’s Aberdeen office in November 2018, to promote the opportunity. The OGA was pleased with the interest which saw 34 companies attend.
Dr Andy Samuel, Chief Executive of the OGA, said this latest round should unlock new opportunities and maximise value from this targeted area: “There’s been excellent interest in the Greater Buchan Area. There’s much to play for from exploration through to development opportunities. We are encouraging prospective operators to look beyond individual opportunities and actively partner with other companies to establish a mutually beneficial Area Plan realising the full economic potential in the area.”
Notes to editors:
5,800 km2 is are on offer in the Greater Buchan Area. A map of the Greater Buchan Area can be found here.
A full list of the blocks on offer can be viewed on the OGA licensing rounds webpage.
Companies have until the round close for applications at 2.00pm on the 2nd of May 2019 to apply for blocks on offer in the Supplementary Licensing Round. Decisions are expected to be made as early as possible in Q3/4 in 2019.