The North Sea Transition Authority (NSTA) has launched the 33rd Offshore Oil and Gas Licensing Round in the United Kingdom.
The latest round opens up 898 blocks across the UK Continental Shelf, providing E&P companies with a selection of exciting opportunities in both mature and underexplored offshore areas. To encourage production as quickly as possible, the NSTA has also identified four priority cluster areas in the Southern North Sea, which have known hydrocarbons, are close to infrastructure, and have the potential to be developed quickly. The NSTA will seek to license these ahead of other awards.
TGS offers comprehensive data coverage across the UKCS, including 2D and 3D seismic, regional 2Dcubed (pseudo-3D) data, and interpreted FMB well data, providing key insight to support license round evaluation, work programs, and make informed investment decisions. See the map below.
In addition, TGS’ cutting-edge Dynamic Matching FWI which pushes the FWI process to higher frequencies has performed well in several benchmarking exercises in the North Sea. Through the reprocessing of existing seismic through DM FWI better subsurface images are achieved, and reservoir properties can be extracted via direct attribute calculation, helping to reduce uncertainty in the subsurface. Read our 2021 paper on Inversion-Based Imaging, or contact us to learn more.
The application period for the UK 33rd Round will run until 14:00 hrs GMT on Thursday 12th January 2023, with the first licenses expected to be awarded in the second quarter of 2023.
