The Southern North Sea is at a critical point in its energy history. For over 40 years, the basin has developed and delivered strong gas production through a network of offshore platforms, pipelines and onshore terminals. The basin has been well exploited and the opportunity to identify and develop large “landmark” discoveries is increasingly limited.
But significant potential remains; estimated at eight trillion cubic feet; half which is hard to reach “tight gas” which is increasingly expensive and complex to access. Both technical and commercial risks are high and opportunities can be quickly disregarded as uneconomic.
The challenge for the Southern North Sea is how to harness this remaining potential by searching for innovative business and technical solutions. This challenge is set against a backdrop of depressed commodity prices, ageing infrastructure and increasing unit transportation costs, as production from existing developments continues to decline.
The group meets every month and the most recent update can be found HERE.
The group is made up of four work-streams that currently cover:
- Tight Gas
- Synergies between the renewables sector and E&P
- Opportunities for sharing best practise, between the UK and NL
- Production losses due to salting
The SNS Rejuvenation SIG, Terms of Reference can be found HERE.