Thursday, November 4, 2010

BP (NYSE:BP) Confirms UK Awards the Seven Exploration Licences in North Sea

On their Website today, BP (NYSE:BP) confirmed they have been awarded seven licenses to explore the North Sea.

To reinforce their commitment and trust in BP, this represents the largest licensing approval for BP in the UK in over 10 years by the government.

Trevor Garlick, Regional President for BP in the North Sea said on the company site, “These licence awards are a significant success for BP and a further boost to the long-term future of our North Sea business. With six major projects currently underway 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 blocks awarded 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

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