UK's 30th round hailed as a success by the OGA

The UK offshore regulator hailed the success of the country’s 30th Licensing Round this week as evidence that North Sea exploration is returning to health.

The Oil & Gas Authority (OGA) awarded 123 new licences covering 229 blocks or part-blocks to a “broad spectrum” of 61 companies, including established supermajors and new entrants.

This year’s round covered mature areas across the UK continental shelf, including some blocks not available since 1970.