Eni Wins UK Offshore Licence
Italy's Eni has secured a new production licence in the UK North Sea after successfully applying in the 32nd offshore licensing round, it said on January 26.
The P2511 licence is 340 km2 in size, located 250 km off the UK coast in the northern North Sea in waters 100 to 130 m in depth. It is situated near the UK's maritime border with Norway, where Eni's Var Energi partnership with HitecVision is a major operator. Several significant discoveries have recently made been in the surrounding area, Eni said.
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The licence will have an initial six-year exploration period, with Eni serving as operator with a 100% interest.
The UK's Oil and Gas Authority (OGA) awarded 113 licences to 65 companies in the country's 32nd round. But it has now taken a pause from licensing activity, to give operators time to fulfil existing commitments and for the government to complete a review of whether licensing policy is in line with its climate goals.