The UK Oil & Gas Authority (OGA) plans a supplementary licensing round in the first quarter of 2019 for the Greater Buchan Area in the Outer Moray Firth offshore Scotland.
The UK Oil & Gas Authority (OGA) plans a supplementary licensing round in the first quarter of 2019 for the Greater Buchan Area in the Outer Moray Firth offshore Scotland.
The area includes “considerable open, currently unlicensed acreage, including a number of undeveloped discoveries,” the authority said (OGJ Online, Oct. 9, 2017).
OGA has begun a new area plan for the area, where it estimates the oil and gas resource at 150-300 million boe.
New data will support the round. OGA will hold an information session on Nov. 15 in Aberdeen.