Gulf Oil and Gas accountACCOUNT

OGA Welcomes Further Government Support for Exploration

Source: www.gulfoilandgas.com 9/25/2017, Location: Europe

The Oil and Gas Authority (OGA) has welcomed the government’s announcement of a further £5 million for exploration, made during the Chancellor of the Exchequer, Philip Hammond’s visit to Aberdeen today (25 September 2017).

OGA Chief Executive Andy Samuel said: “The OGA team are delighted to use this funding to provide industry with a range of high quality new data. This will significantly help address exploration risks and uncertainties and promote frontier and under-explored areas.

"Oil and gas continues to be a vital contributor to the UK economy and energy security, and there has been tremendous progress over the past two years, despite the low oil price environment. We have seen how targeted intervention can have a disproportionately positive effect – for example the first round of seismic funding for the OGA opened up frontier areas for the 29th Offshore Licensing Round, where we awarded 25 licences to 17 companies.”

Exploration News in United Kingdom >>

South Africa >>  1/20/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to provide an operational update on ...
Angola >>  1/16/2020 - Eni and Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year. Eni and Tota...

Lebanon >>  1/16/2020 - Lebanon’s Ministry of Energy and Water and the Lebanese Petroleum Administration have announced an extension of the application deadline. Companies in...
Norway >>  1/16/2020 - PGS has GeoStreamer data library coverage over the 2019 APA license areas announced this week by NPD and plans for new acquisition projects in 2020 to...

Cameroon >>  1/15/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following operational update on its work o...
Australia >>  1/14/2020 - The Board of Metgasco Ltd has advised that the Vali-1 ST1 gas exploration well reached a TD of 3,217m measured depth in basement, on 10 January. As of...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.