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UK: Bridge awarded Southern Gas basin license

Bridge Energy ASA has been awarded Block 49/21c in the UK North Sea in the 26th seaward round.

The award is for a traditional license with a 4-year initial term. The award carries a commitment to reprocess 150 km of 3D seismic. A decision on drilling a well is required by the end of the fourth year of the initial term.

Surrounding the block are Leman, Vulcan, and Valiant fields in the UK Southern Gas basin.


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http://www.ogj.com/content/ogj/en/articles/2012/01/uk-bridge-awarded-southern-gas-basin-license.html