29th Frontier Licensing Round Screening Study: Interim Report Available Now
Hannon Westwood anticipates that the UK 29th Frontier Licensing will open shortly with the deadline for applications likely to be six months from announcement and the acreage should be awarded in 1Q17. For the UK 29th Frontier Licensing Round Screening Study, Hannon Westwood has looked at those prospects that fall in unlicensed acreage within the limits of the newly acquired seismic data. Our 29th Round Interim Report is available now, once the full area that is available for licensing is made known then there will be an Update to this report prepared and published within two weeks of that announcement.
We are selling this report through the Douglas-Westwood website at a special introductory price to mark this new working arrangement with our ESIA Group partners or it can be ordered by submitting an Order Form direct to Hannon Westwood.
The Screening Study provides a consolidated archive of technical detail on prospects and discoveries that have previously been identified or made on open acreage. The Screening Study provides the best view available of the ‘yet to find’ and undeveloped potential of acreage available for licensing, allowing companies to determine whether there is anything that meets their strategic requirements from a specific play or prospect which could be a focus for further evaluation. The intent is to highlight what has been identified previously and save companies time in a literature search prior to homing in on acreage of interest.
The forthcoming 29th Round is somewhat different from the previous Rounds 21 to 28 where there was an ever increasing area available for evaluation and application. The 29th Round is the first Round to be administered by the OGA and the area has been based on that covered by 2015 acquired seismic data that was sponsored by the government and designed to promote exploration activity in frontier areas – in this case the Central – Southern North Sea and the West of Britain Rockall Trough. In addition to the government sponsored seismic data further datasets have been made available to increase the density and area of coverage.
For the Central – Southern North Sea these datasets comprise:
- 10,849 km of broadband 2D data acquired by WesternGeco in 2015 as part of the government sponsored seismic project (the location of these newly acquired lines are shown in the map left
- Approximately 10,000 km of legacy 2D seismic from WesternGeco’s data library
- Approximately 1,475 km of 2015 reprocessed legacy 2D data from the WesternGeco data library
For the West of Britain Rockall Trough these datasets comprise:
- 8,896 km of broadband 2D data acquired by WesternGeco in 2015 as part of the government sponsored seismic project (the location of these newly acquired lines are shown in the map right)
- 1,117 km of broadband 2D data acquired by WesternGeco in 2014 also as part of the government sponsored seismic project (also shown on map right)
- Approximately 5,000 km of legacy 2D seismic from WesternGeco’s data library
- Approximately 735 km of 2015 reprocessed legacy 2D data from the WesternGeco data library
All of these datasets plus a database of released well data and gravity/magnetic data (plus maps) will be available via download as free to all from the OGA website. The schedule for release of these data is end Q1 2016, once the 2015 acquired surveys have completed processing.
In addition to the area that is covered by these surveys, the OGA has also requested nominations for other Blocks that could be included for application in the 29thRound. Nominations closed on 17 January 2016 although the OGA does not guarantee that those extra Blocks nominated will be included in the Round.