Strong showing for BP in UK license round

BP has gained interests in licenses covering seven exploration blocks under the UK’s 26th Seaward Licensing Round.

Offshore staff

ABERDEEN, UK -- BP has gained interests in licenses covering seven exploration blocks under the UK’s 26th Seaward Licensing Round.

Five of the blocks are operated by BP and two by Maersk. The haul represents BP’s largest license award in the UK sector for more than 10 years.

“These licence awards are a significant success for BP and a further boost to the long-term future of our North Sea business,” said Trevor Garlick, regional president for BP in the North Sea. “With six major projects currently under way in the UK and Norwegian sectors, BP is investing strongly in the North Sea to develop today’s resource base and we are also building a complementary portfolio of future opportunities.”

The awards are intended to support BP’s strategy of developing new fields that can be tied into the company’s infrastructure hubs. The blocks are:

16/24a (split) - Kinnoull area – Central North Sea
22/20b - ETAP area – Central North Sea
22/30e (split) - Culzean area (operated by Maersk) - Central North Sea
23/26e - Culzean area (operated by Maersk) - Central North Sea
30/1a (split) - Kessog area - Central North Sea
47/10c (split) - West Sole SNS area – Southern North Sea
48/6c (split) - West Sole SNS area – Southern North Sea

11/04/2010

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