Of the 932 blocks available in the 33rd round, companies have applied for 258, about 28% of the available acreage, and this includes 60 formerly producing fields, 136 unsanctioned discoveries and 588 prospects or leads.
These awards could deliver more than 1.2 Bboe of new oil equivalent contingent resources (excluding field redevelopments) and more than 1.6 Bboe of risked prospective resources.
The notable west of Shetland discoveries where development decisions would be due in the initial license term include Tobermory and Bunnehaven, and possible extensions to Glenlivet. Other developments and redevelopments where a development decision would be pending include Banff, Kyle, well 22/29a, Cawdor and Platypus.
TROVE suspects the companies likely to take up their awards are Shell, bp, Equinor, TotalEnergies, PivotTree, Ithaca Energy, NEO, EnQuest, Spirit Energy, Parkmead Group, Finder, Jersey Oil & Gas, Deltic, Horizon Partners, i3, Ping Petroleum, Bridge Petroleum, Cerium Resources and Orcadian.
Absentees could include Harbour Energy, Serica Energy, APA Corp and Taqa Bratani.
10.04.2023