UK Puts 2,800 Oil, Gas Leases On Auction Block

Law360, New York (February 2, 2012, 4:12 PM EST) -- U.K. energy officials on Wednesday announced a new licensing round for 2,800 offshore oil and gas leases, inviting Britain's drillers to get in line for rights to a slice of the lucrative Continental Shelf reserves.

Applications are due May 1, and demand is expected to be high after the last round of licensing in 2010, when a record number were given out.

“This is shaping up to be a very prosperous year for the North Sea as we expect a substantial increase in field approvals,” Energy...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.