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Shell confirms award of 39 North Sea exploration blocks

Shell confirms award of 39 North Sea exploration blocks

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Oil giant Shell today confirmed it had acquired 39 North Sea exploration blocks as a part of the 30th Offshore Licencing Round.

In a statement, Shell said that the 39 blocks break down as 11 operated and 28 non-operated blocks within the North Sea.

Data from the Oil and Gas Authority (OGA) shows that Shell has acquired two operational blocks within the west of Shetland, five within the Central North Sea (North) and further four within the Central North Sea (South).

A Shell spokesperson said “Shell UK can confirm that on 23 May 2018, we were awarded 39 exploration blocks, 11 operated and 28 non-operated, by the UK Oil and Gas Authority (OGA) in the 30th UK Licensing Round. The acreage was applied for on 21 November.”

Steve Phimister, Shell’s Vice President Upstream, UK & Ireland, said: “This positive news enhances Shell’s strategic exploration activity in our key UK heartland, helping us to be one of the most competitive and resilient operators in the UK continental shelf (UKCS).

“It adds to our UK exploration options, which in time we expect to contribute to maximising economic recovery of the oil and gas resources and ensuring the future of the UKCS as a major source of energy, employment opportunities and tax revenue for UK plc.”

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