Results from New Estimate Announced for U.K. Continental Shelf
Drilling Activity Details
Geo Coordinate
Drilling Activity Summary
Description
The U.K. Oil and Gas Authority (OGA) released an estimate of the U.K. Continental Shelf’s remaining recoverable petroleum resources. The report estimate indicates that there is 10-20 Bbl of oil equivalent, including discovered and undiscovered petroleum resources. The report also states that the mean prospective resources in mapped leads and prospects are estimated at 4.1 Bboe. This is supplemented by an additional mean prospective resource of 11.2 Bboe estimated to reside in plays outside of mapped leads and prospects. Much of this resource is in mature developed areas and under consideration for development.
Description
The U.K. Oil and Gas Authority (OGA) released an estimate of the U.K. Continental Shelf’s remaining recoverable petroleum resources. The report estimate indicates that there is 10-20 Bbl of oil equivalent, including discovered and undiscovered petroleum resources. The report also states that the mean prospective resources in mapped leads and prospects are estimated at 4.1 Bboe. This is supplemented by an additional mean prospective resource of 11.2 Bboe estimated to reside in plays outside of mapped leads and prospects. Much of this resource is in mature developed areas and under consideration for development.