UKCS offshore exploration and appraisal activity up by 75 per centNews // October 13, 2009
Offshore exploration and appraisal activity rose by 75 per cent in the last quarter, according to the latest oil and gas industry figures released by Deloitte.
The business advisory firm’s latest North West Europe Review, which summarises drilling and licensing in the UK Continental Shelf (UKCS), reveals a total of 28 exploration and appraisal wells were spudded in the third quarter of 2009.
The figure represents a significant increase on the previous quarter but a 7 per cent drop in drilling compared to the same period in 2008.
The North West Europe review, produced by Deloitte’s Petroleum Services Group (PSG), says 32 per cent of wells spudded were located in the West of Shetlands region, with a further 21 per cent in the Moray Firth and 18 per cent in the Northern North Sea.
The central North Sea contains 11 per cent of new wells with the Southern North Sea accounting for only 7 per cent of activity.
The rise in drilling activity in the Shetlands region, which historically only accounts for less than 10 per cent of UK exploration and appraisal wells, is partly attributed to the Stena Carron drilling programme as well as extensive delineation and exploration projects in the area.