U.K. OFFERS OFFSHORE FRONTIER ACREAGE
The U.K. Department of Trade and Industry has listed frontier blocks on offer in the third stage of its 14th offshore licensing round. Forty-nine blocks are available in Quadrants 72, 73, and 74 in the southwest corner of U.K. territorial waters, where little exploration has occurred to date. "Licensees will have an extended period in which to plan and carry out their exploration activity," said Tim Eggar, minister for energy. "Similarly, companies are invited to apply for tranches of blocks.