Northwest Europe Editorial Achievements – 2016
The Northwest Europe team sources, validates and reports E&P activity in a wide variety of petroleum provinces, from mature areas with over 40 years of production to frontier areas where the industry is in its infancy. This year saw the launch of the UK’s 29th Frontier Seaward Licensing Round. This is the first round since the formation of the Oil and Gas Authority and it focussed on the areas which were targeted with government funded seismic acquired in 2015. The areas on offer were the Mid North Sea High, parts of the Viking Graben and West of Shetlands and the Rockall Basin. The OGA received 29 applications covering 113 blocks. The round also saw the launch of the OGA innovate licence concept which has been initiated to allow companies to construct their optimal work program.
Ireland also benefitted from a successful licensing round this year. Phase I of the Atlantic Margin round saw 14 Licensing Options awarded to BP, ENI, Europa, ExxonMobil, Nexen, Statoil, Scotia and Woodside. Phase I focussed on the Southern Porcupine Basin which is thought to be highly prospective. Phase II also saw the award of 14 Licensing Options to AzEire, Capricorn, Europa, Faroe Petroleum, Predator, Providence, Ration and Scotia. These licences are located in the Northern Porcupine Basin, Slyne and Erris Basins and Rockall Basin.
The Northwest Europe team comprises nine E&P professionals with over 115 years of combined industry experience. We have worked offshore, for operators and for service companies.
The team worked on a major decommissioning project throughout 2016 with the aim of becoming the leader for critical information relating to decommissioning activities, from the planning stage through to removal and disposal. Decommissioning is extremely important in a mature province such as the North Sea. Through communication with operators, service companies, financial service provider’s authorities and regulators the team has begun to enhance its understanding and information on an industry which is still relatively in its early stages. A new Northwest Europe quarterly report on decommissioning has been produced, as a collaboration between two IHS products, to offer the most up to date information. In addition, the report contains high quality maps to visualize what has happened and where it has happened.
The team regularly attends conferences and industry events and holds individual meetings with oil and gas companies and governments throughout the region in order to develop and maintain a high level of understanding of the business and the region. This year we have attended various OGUK events and breakfast briefings, Pitfalls in Exploration conference, PESGB evening lectures, Oil Barrel conferences, Finding Petroleum and Geological Society events in London, NPF’s Arctic Exploration – Understanding the Barents Sea potential Conference in Tromso, Greenland Oil & Gas event in London, ESRI user conference in London, Introduction to Decommissioning training course in Aberdeen, Atlantic Ireland in Dublin and PETEX and PROSPEX in London.
Database Enhancements – 2016
- Basin Monitors – Horda Platform and Voring Basin (offshore Norway), Porcupine Basin (Ireland) and the Cheshire Basin (UK) were all completely reviewed
- Giant Fields – Completed 4 Giant (2P EUR >=500MMboe) Field Reviews which included a full revision of remarks, reserves, development, production volumes and IOR/EOR techniques
- Northwest Europe – Entered decommissioning information for 53 fields located across UK, Norway, Netherlands and Denmark
- Northwest Europe – More than 522 cost attributes updated in Norway, Netherlands, UK and Denmark
- Northwest Europe – Entered 223 TD's where previously missing in Norway, Netherlands, Denmark and UK
- Greenland – Reviewed and updated Greenland contract expiry and relinquishment dates
- UK Tops – More than 3,260 tops, 185 casings, 189 TD/TVDs, 149 coordinates, 118 BHF and 92 BHL were entered in 163 wells in association with the UK 137th to 140th Well Releases
- Norway – Updated 2,200 wells with coordinates to ensure consistency with official data
- United Kingdom – 2,190 wells updated with depth reference elevation, ground elevation or water depth
- Denmark – Entered more than 1,685 field reserves volumes including 1P, 2P and 3P EUR estimates going back to 1985 providing a complete reserves history for the entire country
For information relating to data improvements in 2015, download our Northwest Europe Data Enhancements 2015 Summary