More than 170 applications have been received for the latest offshore licensing round in the UK, the Department of Energy and Climate Change (DECC) says.
The 28th Offshore Oil and Gas Licensing Round closed for applications on Friday 25 April. DECC received 173 applications, with around 370 blocks or part-blocks applied for. DECC will now scrutinise the applications over the coming months and aims to start awarding acreage in the autumn.
In 2012, DECC received applications for 418 blocks, and in 2010, 378 blocks were awarded – the highest numbers since licensing began in 1964.
Energy Minister Michael Fallon said: “It’s 50 years since North Sea licensing began and there remains an extraordinary level of interest which is excellent news for industry and for the UK economy.
“We have committed to implementing all of Sir Ian Wood’s recommendations to help maximise recovery of North Sea oil and gas, and the Chancellor is reviewing the tax regime.
“Making the most of Britain’s home grown energy is crucial to keep job and business opportunities, get the best deal for customers and reduce our reliance on foreign imports.”
Table showing number of applications in previous licensing rounds along with information on the geographical areas (blocks) offered in the 28th round can be found here: https://www.gov.uk/oil-and-gas-licensing-rounds
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