The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
A total of 41 new licences were awarded. The second tranche of successful bids follows the134 bids confirmed last year, totalling up to 175 licences covering 353 blocks.
Andy Samuel, OGA chief Executive, said: “The UK Continental Shelf remains a world-class hydrocarbon province where significant resources and economic value remain to be realised. The good level of interest in the 28th Round highlights the continued attractiveness of the UK’s oil and gas resources.
Read the full article on our sister website Energy Voice.