Senergy has been awarded a framework agreement with contracts up to £1.8 million by the UK government to examine ways of prolonging the production life of the North Sea oil and gas industry.

The three-year project, which is already underway will support the work of the Department for Energy and Climate Change (DECC) as it seeks to secure maximum recovery from existing oil and gas developments as well as the exploration of opportunities to access new reserves in technically challenging fields.

Energy Minister Mike O’Brien made the commitment to commission the study work to counter the economic challenges facing the industry during an offshore visit last December.

Senergy Oil and Gas Managing Director Dave Reed said: “This is a key piece of work in terms of prolonging the life of the UK North Sea and we’re delighted that Senergy has been given the opportunity to fulfil such a strategic role.

“We will be drawing upon a variety of our technical and professional disciplines within Senergy to meet the remit of the contract and provide a detailed assessment of the challenges and opportunities as they exist.

“We have held similar study contracts with the government in the past but this project has extra significance given the popular belief that we are at a critical point in terms of deciding which direction the North Sea industry now needs to take to ensure its long term future.”

Tags: Senergy Limited