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Free choice for UK’s 28th licensing round

The UK has opened almost all of the unlicensed offshore blocks in order to attract interest

The government launched the UK’s 28th licensing round in January, throwing open almost all of the unlicensed offshore – a formula which led to record interest in the previous round. Companies can take their choice of more than 2,700 blocks and part-blocks, with prospectivity ranging from proven to frontier. The areas on offer hold 22 undeveloped discoveries classified as significant by the Department of Energy and Climate Change, and made between 1969 and 2011. Of these, 11 lie in the central North Sea, where developing older gas-condensate finds using the infrastructure now in place has provided good business for a number of operators. Five are in the southern North Sea, and the others lie

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