The UK has identified seven near-term oil and gas projects which will require 30 new wells and 194 km of pipeline.
The UK has identified seven near-term oil and gas projects which will require 30 new wells and 194 km of pipeline.
The study by the UK North Sea Transition Authority (NSTA) also showed that more than 5000 ‘vessel days’ and nearly 2,500 ‘rig days’ will be required. Offshore work on most of those developments is expected to get under way this year or in 2024, said the NSTA.
Operators supplied the statistics for the seven projects to the NSTA in late-2022. The NSTA has been working with the Global Underwater Hub (GUH) to highlight the scale of opportunity.
Environmental statements for five additional near-term projects were also analysed as part of the wider study. They indicated that the projects would require a further 17 wells, 128 km of pipeline, around 3400 vessel days and 1400 rig days.
Details of eight of the 12 projects included in the wider study – Avalon, Cambo, Captain EOR Phase II, Jackdaw, Murlach, Rosebank, Talbot and Teal West – can be found on the NSTA’s Energy Pathfinder portal. The remaining four will be added in due course.
Bill Cattanach, NSTA head of supply chain, said: ‘This research provides clear evidence that companies with vessels and rigs on their books can look forward to plentiful near-term project opportunities in UK waters.’
