Drilling advances ///
UK extends exploration areas. UK Energy Minister Stephen Timms announced a new innovative licensing program to further boost exploration on the UK Continental Shelf. The new “Frontier” license allows companies to apply for relatively large amounts of acreage at significantly reduced costs and gives them more time to carry out the necessary exploration/ development. The license will be on offer in the forthcoming 22nd Offshore Licensing Round, which Timms “hopes to announce in the coming weeks.”
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