The UK Sector of the North Sea still has significant commercial potential, particularly gas in the Southern North Sea – there are opportunities as well as 50+ years of data and knowledge. There are multiple undeveloped discoveries, fields that have not been fully drained and opportunities to explore play concepts that expand from established fields into a wider footprint.
Since gas was first discovered in 1965, many hundreds of seismic surveys have been acquired and thousands of exploration, appraisal and development wells have been drilled. The resulting data from this activity is vast.
Other Factors That Make the Basin Attractive
The United Kingdom has a stable political and fiscal regime and leads the world in the regulation of offshore operations. The development of large offshore wind farms has created for the first time the opportunity for collaborative gas to wire projects (GTW). Instead of transporting gas via pipelines to shore, gas could be used to generate electricity offshore during periods of low wind, allowing the offshore facility to supply a stable level of electricity 24 hours a day regardless of wind conditions.
Painted Wolf Team: Perfectly Adapted to this Environment
To find commercial hydrocarbons, the particular subsurface challenges of each major province need to be solved. In the Southern North Sea, the Painted Wolf team is uniquely equipped to solve these challenges and create value ahead of other E&P companies. Our team has, and are now using, their technical expertise to interrogate all available datasets to unlock new opportunities.
Techniques we are using to identify these opportunities and create value include: