UKOOA's response to Frontier Licence
Friday 6 February 2004
UKOOA's response to Frontier Licence
UKOOA WELCOMES ANNOUNCEMENT OF NEW FRONTIER LICENCE
6 February 2004
UKOOA welcomes the announcement of the new "Frontier" licence for oil and gas exploration and the innovative way the Government has approached the more difficult areas of the Atlantic Margin.
UKOOA is working with the Government to improve the business environment to encourage exploration, appraisal and development activity in UK waters. We are supportive of recent efforts to improve access to existing data and to being offered regular licensing opportunities. Together these are aimed at maintaining interest in exploring both new and recycled licence areas.
We look forward to seeing which blocks will be designated in the forthcoming 22nd offshore licensing round and the exact terms of the new licences.
- ends -
Note to Editors
1. The UK Offshore Operators Association (UKOOA) is the representative organisation for companies licensed by the British Government to explore for and produce hydrocarbons in UK waters. It has 29 members.
For more information, please call 020 7802 2400.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
