exploration
The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points
It is expected to help unlock new investment and technology and more exploration activity
The government intends to make the fund less vulnerable to a permanent drop in oil prices
Work under the contract has been suspended since 2014
This figure totals almost as many wells as it has drilled since the company was established in 1972
The carbon dioxide will primarily be used by the oil and gas industry to extract underground oil deposits from depleted wells
They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana
A new £1.6 million shale support fund will be launched over the next two years and an environmental regulator will be created
It aims to be excluded from the Trump administration’s plan to expand offshore drilling in the Atlantic and Pacific oceans
The government said it will not revoke any existing exploration contracts