Operators show interest in Latvia's Baltic blocks

Click here to enlarge imageExpressions of interest in Latvia's first oil and gas licensing round for exploration acreage in the Baltic Sea have been greater than expected, the Latvian Development Agency said.The ministry of economy offered seven permits for exploration and drilling and 66 blocks for "preinvestigation." Each block covers 382 sq km.An unspecified number of companies have visited the agency, and some have acquired seismic and well data, said Leonids Kvaskovs, vice chairman of the Latvian Licensing Commission in Riga.Preinvestigation licenses must be applied for by Oct. 31, 2001, while the deadline for bidders for exploration licenses is Jan. 25, 2002.The licenses for p...

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