OTC: UK Energy Minister touts investment opportunities for independents

The UK North Sea is entering a new development phase with new investment opportunities for independent oil and gas companies, UK Energy Minister Stephen Timms told the Offshore Technology Conference May 3.The UK has devised new exploration licenses. Next month, the UK Department of Trade and Industry plans to launch digitally signed consents involving "paperless" agreements between the government and companies, Timms said. The first digitally signed documents will involve environmental permits, he said.A panel discussion on independent operators and the future of the North Sea also was slated, after presstime, at OTC on May 6."We are seeing renewed interest from a range of companies," Tim...

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