U.K. OPERATORS LOOK BEYOND MATURE AREAS

Results of the U.K.'s 14th offshore licensing round accent a growing interest by operators in acreage outside mature North Sea areas. Of 136 blocks offered in mature areas, only 27 were awarded. Two thirds of mature area blocks awarded lie in the southern gas basin, reflecting the opening of Quadrant 44 and acreage near Caister, Murdoch, and Markham field development projects, along with long term appeal of gas reserves.

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