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North Sea Exploration Ban Impact

Rystad Energy and Oil & Gas UK comment on a potential licensing ban. A potential ban on new exploration licenses in the North Sea would have limited impact on the medium- and long-term outlook. That’s according to Rystad Energy analyst Sonya Boodoo, who communicated with Rigzone after a Telegraph story reported the UK was mulling a ban on new oil exploration licenses in the North Sea and considering ending permits in 2040. “The UK is a mature region with limited exploration upside in that time frame,” Boodoo said in the statement. “In terms of production, we forecast that less than five percent of production will come from yet to be awarded acreage by 2040,” Boodoo added.

Exploration ban call reckless , says Aberdeen MP

Exploration ban call reckless , says Aberdeen MP
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UK Mulls Ban on Oil, Gas Exploration Licences: Press

Mar 15, 2021 10:20:am Summary The move is reportedly under consideration ahead of the 2021 United Nations Climate Change Conference, which will take place in Glasgow this coming November. by: Joe Murphy (Updates with comment from the UK s Department for Business, Energy and Industrial Strategy) The UK government is considering a ban on the issue of new oil and gas exploration licences, The Sunday Telegraph reported on March 14, citing sources. The UK is . Posted in:

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