More than 100 applications have been received for the latest offshore oil and gas licensing round.
A total of 115 bids have been made across 258 blocks, from a total of 76 companies.
Described as providing a significant boost to the UK’s energy security, the 33rd UK round opened in October, and offered acreage across the North Sea. It included four priority areas, which have known hydrocarbons, in which there was very keen interest, and could see production in as little as 18 months. They are focused on the southern North Sea.
