Decades of future investment ahead in oil & gas

Since the UK’s great oil and gas rush began more than 50 years ago, the East of England has remained the leading centre for offshore gas exploration and production in the Southern North Sea (SNS).

The East of England Energy Zone (EEEZ) is home to a highly experienced workforce and supply chain with many industry leaders well established in the area.
We are able to connect people, agencies and opportunities together and possess the capability for effective and efficient operational delivery. We are striving to confirm the East of England as the energy capital of the UK by placing innovation and strong communication at the heart of what we do.

The East of England has had oil and gas at the cornerstone of its economy since the early 1960s and is recognised as a global centre of excellence in the offshore energy sector.
The SNS basin contributes 30% of the UK’s gas demand through the Bacton Gas Terminal in Norfolk and is estimated to have another 30 years of supply left. Work by the Oil and Gas Authority also suggests a further 8 trillion cubic feet of prospects are still to be discovered and the SNS remains an attractive basin for further investment.

Shallow water engineering, mature asset management and normally unmanned installations (NUIs) are among the many areas of expertise that have been developed in the area, adapting to an ever-changing industry.

The area is filled with opportunity and potential in these changing times and the supply chain and support structure are a vital part of that. By thinking differently and working collaboratively, meeting both the demands for the industry to become smarter and leaner and the challenges of the tight (carboniferous) gas sector, there promises to be a renaissance in SNS gas. Gas to Wire, platform electrification, Carbon Capture and Storage (CCS) and power to gas innovations also offer significant new opportunities in the SNS.

New discoveries – Cygnus, Tolmount and Platypus, and the recommissioning of the Thames gas pipeline bringing ashore gas from the new Blythe and Elgood fields – are attracting massive new investment to the region.

There is an increasing focus on prolonging the life of assets in the North Sea, either bringing drilling rigs in for major refurbishments or upgrading platforms in situ. All of this offers a whole new range of commercial opportunities, even before decommissioning is considered.

With gas the interim fuel of choice and continued major investment in new discoveries, a clear appetite to unlock the remaining potential of the SNS exists.

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