Several oil explorers, including Aberdeen’s Faroe Petroleum, have said they are targeting “multiple new discoveries” following the latest North Sea licensing round.
30th licensing round
The Oil and Gas Authority’s “robust approach” to regulating North Sea industry is paying off, its chief executive said.
The latest offshore licensing round proves oil companies still have a real appetite for North Sea exploration, the industry’s regulator said yesterday.
Oil companies new and old were among the winners in the 30th UK continental shelf licensing round.
The 30th North Sea licensing round proves big players are not ready to leave UK waters yet, an analyst said today.
The latest offshore licensing round shows exploration is still “alive” in the North Sea, the industry’s regulator said today.
The Oil and Gas Authority (OGA) had made another seven blocks available in the 30th North Sea bidding round.
The UK’s oil and gas industry regulator today launched the 30th North Sea bidding round with a large number of blocks in “mature areas” on the table.