Fossil Energy – Oil and GAs Licences
Britain’s oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin.
The licences are part of the second tranche of the North Sea Transition Authority’s (NSTA) 33rd oil and gas licensing round. Successful bidders included Shell, BP, Norway’s Equinor and France’s TotalEnergies, the authority said.
The licences are in areas in the Central North Sea, Northern North Sea and West of Shetland areas.
Wednesday’s awards follow the 27 licences offered in the first allocation in October last year, with more to follow in the coming months, the NSTA said.
