Western Europe: The downward trend continues ///

United Kingdom. The Twentieth Offshore Licensing Round, was announced in the first quarter of 2002. Almost 300 blocks and part-blocks were made available. There were 29 applications for 36 blocks or part-blocks in the second quarter. Twenty-five licenses comprising 36 blocks or part-blocks were awarded in the third quarter to 33 different companies. Awardees included more established majors together with six new entrants to the offshore UK sector – OilExCo, CMS (subsequently acquired by Perenco), Montrose and Reach, with existing onshore players Egdon and Warwick moving offshore.

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