Award of 27 oil and gas licences ‘boost for UK energy security’

An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security”.

The 33rd Oil and Gas Licensing Round was launched in October 2022 with 931 blocks and part-blocks made available for application.Offshore Energies UK, the leading trade body for the sector, said the industry needs the churn of new licences to ensure there is no cliff edge in domestic production. “We all recognise that our energy system must change, and our industry includes companies that are expanding into renewables while using their expertise to pioneer ever cleaner energy production.

“With careful management and collaboration, the UK can become the gold standard of energy transitions.” Offshore Energies UK said there are 284 active oil and gas fields in the North Sea and that by 2030 around 180 of those will have ceased production due to natural decline.

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