High interest in offshore but low commitments in UK round
134 licences were awarded, and a further 94 are subject to environmental assessment
Awards made in November in the UK’s 28th licensing round point to a high level of interest in the offshore, particularly from smaller explorers - but work commitments add up to only six firm wells. The majority of operators have committed only to reprocessing existing seismic data, although all licences provide for a drill-or-drop well option. The Department of Energy and Climate Change (DECC) awarded an initial 134 licences covering 252 blocks, and said another 94 licence applications are still subject to environmental assessment. The round could therefore prove to be larger than the 27th round, under which 219 licences were awarded in 2012 and 2013. Promote licences, under which small com
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