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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.