Western Europe: Activity doesn't track oil price increase ///

United Kingdom. Results of the Nineteenth Licensing Round were announced last year, with eight licenses awarded. Texaco will operate, covering five blocks; Amerada Hess, three covering five blocks; BP, one covering one block; and Phillips, one, covering one block. In July 2002, companies were invited to bid for out-of-round Blocks 30/24, 42/25 and 43/21, which contain Argyll, Innes and Duncan fields. All three fields were abandoned in 1993. Tuscan Energy and Acorn North Sea were awarded licenses on Argyll, Innes and Duncan, with ATP Oil & Gas and CalEnergy being awarded licenses on 42/25a and 43/21a.

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