BP awarded seven exploration licenses in UK North Sea

BP confirmed that it has been awarded license interests in seven offshore exploration blocks in the UK’s 26th Seaward Licensing Round. The awards – five blocks operated by BP and two blocks operated by a partner – together represent the largest license award BP has received in the UK for more than a decade.

“These license awards are a significant success for BP and a further boost to the long-term future of our North Sea business,” said Trevor Garlick, Regional President for BP in the North Sea. “With six major projects currently underway in the UK and Norwegian sectors, BP is investing strongly in the North Sea to develop today’s resource base and we are also building a complementary portfolio of future opportunities.”The awards, made by the UK Department of Energy and Climate Change, support BP’s focused program of exploration and appraisal in the North Sea. The strategy is based on developing new fields which can be tied in to BP’s existing infrastructure hubs.