From Aberdeen (IF): The potential for offshore oil and gas discoveries in underexplored offshore areas to the west of Scotland is to be examined.
Locations to come under the spotlight include the Solway Firth, the Firth of Clyde, the North
Channel and the Sea of the Hebrides.
The Scottish government has announced it is to co-host a workshop with Heriot Watt University’s Institute of Petroleum Engineering to examine the potential for resources in these more remote waters.
Representatives of the industry will attend the autumn event, which will also discuss the requirement for new research to help stimulate exploration off the west coast.
Scottish Energy Minister Fergus Ewing said more activity in this area could create additional employment and further increase the longevity of the industry in the country.
Professor Dorrik Stow, head of HWU/IPE, is looking forward to being part of a collaboration with industry, universities and government to gain a better understanding of the prospects to the west of Scotland.
Potential
Professor John Howell, chair in geology and petroleum geology at Aberdeen University, added, “The offshore area to the west of Scotland includes several major basins with hydrocarbon potential.
“While over 3,000 exploration wells have been drilled in the North Sea and west of Shetland, only around 20 exploration wells have been drilled to the west of the Scottish mainland—with m any basins totally un explored.
“This provides significant future potential, which can only be appraised with detailed scientific study. This workshop is the first step along the path to unleash that potential.”
Recommended Reading
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.