UK Likely to Run North Sea Oil and Gas Licensing Round in 2022

©Bildagentur-o/AdobeStock
©Bildagentur-o/AdobeStock

Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) said on Monday.

The OGA, which is changing its name to the North Sea Transition Authority (NSTA), can hold the licensing round as soon as the government has completed its work on a new climate compatibility framework for oil and gas production, it said.

Britain is expected to publish a plan next week on how to boost domestic energy supplies to try to tackle spiraling prices and reduce the amount of imported oil and gas from Russia after its invasion of Ukraine. Read full story

As the host of the COP26 climate conference last year, Britain has also come under fire from activists for allowing continued investments in its oil and gas fields. 

Britain last awarded oil and gas licenses in 2020. The new round would focus on acreage where data has already shown that hydrocarbons exist, the spokesperson said, adding it was too early to give further details on which blocks might be offered.

(Reporting by Shadia Nasralla / Editing by Mark Potter)

Current News

Aikido One Floating Wind Platform Takes Final Shape

Aikido One Floating Wind Platf

Brava Energia Awards $200M Equipment Supply Contracts for Brazil Offshore Fields

Brava Energia Awards $200M Equ

ABL to Oversee Offshore Installation Works for Iberdrola’s German OW Farm

ABL to Oversee Offshore Instal

Glamox to Illuminate North Sea Oil and Gas Platforms

Glamox to Illuminate North Sea

Subscribe for OE Digital E‑News

Offshore Engineer Magazine