The UK's Oil & Gas Authority (OGA), which has responsibility for the country's upstream sector, offered for award on Thursday 115 licences across 259 blocks or part-blocks to 65 companies in its 32nd offshore licensing round, which was launched in July 2019. The results "demonstrat[e] the strong interest in the licensing round and appetite for exploration in the UK North Sea", says one of the successful bidders, UK independent Talon Energy The round offered blocks in mature producing areas close to existing infrastructure and were awarded on flexible Innovate licences, which allow applicants to define a licence duration and phasing to enable optimal work programmes.
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