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NEWS & INSIGHTS | article

New technology event announced to support the 30th Offshore Licensing Round

19 June 2017
The Oil and Gas Technology Centre and the OGA will host a technology showcase event to help unlock the future oil and gas developments in the upcoming 30th Offshore Licensing Round. 

The 30th Offshore Licensing Round will focus on the more mature areas of the UKCS – some of which were last offered for licensing more than 40 years ago – and is expected to be the most significant offshore round in recent decades.

The event will bring operators, prospective investors and technology developers together at the Aberdeen Exhibition and Conference Centre the week commencing 21 August 2017, and will cover technology areas that are critical for the economic development of marginal fields, including seismic, well construction, subsea tie-backs, and efficient standalone facility concepts.  The agenda will include presentations by the OGA on acreage and opportunities available in the licensing round, by the Oil & Gas Technology Centre on support available to technology development, and slots for technology providers to showcase proposed solutions.

Gunther Newcombe, OGA Operations Director, said: “We know that more than 3 billion barrels of oil equivalent (boe) remain in approximately 350 undeveloped discoveries across the UKCS. We want to see swift deployment of technology to help unlock many of these discoveries which is why we have launched, in partnership with the Oil & Gas Technology Centre, a technology event in August to bring operators and technology providers together with the 30th Offshore Licensing Round and beyond very much in mind.”

Chris Pearson, Small Pools Solution Centre Manager for the Oil & Gas Technology Centre, said: “We are focused on significantly reducing the life cycle cost of field developments across the UKCS. To achieve this, we recognise that both incremental and radical innovations are required. We have presented the challenge to industry on how we can do this better, faster and at a lower cost than previously achieved, and we’ll share the output of these workstreams at the technology showcase.”

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