Record breaking applications for North Sea licensing

The latest North Sea licensing round for oil and gas has broken all previous records for the number of applications received since licensing began back in 1964,  Government announced today. A […]

Register now!

By Tom Gibson

The latest North Sea licensing round for oil and gas has broken all previous records for the number of applications received since licensing began back in 1964,  Government announced today.

A total of 224 applications were submitted for the 27th licensing round for 418 blocks of the UK Continental Shelf.

Charles Hendry, Minister of State for Energy said: “There remains an extraordinary level of interest in North Sea oil and gas and it is tremendous news for industry and for the UK economy… Now our task is to ensure this considerable level of interest continues and that we make the most of this valuable, British resource.”

According to DECC, the UK’s oil and gas sector still provides almost half of the country’s energy and supports roughly around 450,000 jobs.