Oil and Gas Authority awards £200k for exploration
The Oil and Gas Authority (OGA) has awarded more than £200,000 to boost further interest in offshore exploration activity in the UK Continental Shelf.
It is the final stage of its exploration licence competition which was launched earlier this year and attracted more than 60 applications from the UK, Canada, US, Australia and Europe.
It was designed to encourage geoscientists to develop innovative interpretations and products using the data acquired during last year’s £20 million seismic survey.
The winners include Australian privately owned geoscience company FROGTECH, not-for-profit earth sciences consultancy Geoscience Wales and private firm Geop4ysics.
Gunther Newcombe, OGA Exploration, Production and Decommissioning Director, 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.”