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.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
