Lloyd’s Register, Schlumberger, BGS win UKCS study contracts
- Business & Finance
UK’s Oil and Gas Authority (OGA) has awarded four contracts for surface and subsurface studies to improve understanding and maximize value by integrating exploration, development, production, late-life planning and decommissioning in the UK Continental Shelf (UKCS).
OGA said on Tuesday that Lloyd’s Register, British Geological Survey (BGS) and Schlumberger are the recipients of the contracts, all of which have a three-year term, with a combined value of more than £6m ($7.94M).
Gunther Newcombe, OGA Exploration, Production, and Decommissioning Director, said: “In order to fulfill OGA’s goal to maximize the economic value of the UKCS, it is vital we can independently assess remaining undiscovered resources and improve our geotechnical understanding.
“The award of these contracts provides a valuable, additional technical resource to the OGA’s Exploration, Production and Decommissioning team.”
Lloyd’s Register received two of the four contracts to provide regional exploration maps and regional and field support engineering services to OGA.
BGS will provide geoscience project services that aid the identification, definition, and quantification of leads and prospects and provide input data to the calculation of undiscovered resource volumes.
Schlumberger will provide OGA with subsurface studies and reservoir evaluation services.