A significant boost to UK energy security has been underlined ahead of today’s launch of the latest oil and gas licensing round.
The North Sea Transition Authority is inviting applications for licences to explore and potentially develop 898 blocks and part-blocks in the North Sea which may lead to more than 100 licences being awarded.
To encourage production as quickly as possible, the NSTA has identified four priority cluster areas in the Southern North Sea, which have known hydrocarbons, are close to infrastructure and have the potential to be developed quickly. It will seek to license these ahead of others in what is the 33rd such round - launching at 6pm.
