U.K. SCHEDULED TO SEEK EXEMPTION FROM EC'S UTILITIES DIRECTIVE

The British government will seek exemption for oil and gas operations on the U.K. continental shelf from the European Community's utilities directive. Under this directive, offshore operators would become involved in a system for seeking and awarding contracts worth more than 400,000 European currency units ($327,000). U.K. offshore operators have been concerned about the added costs this highly regulated system would spawn and have lobbied against the scheme through the United Kingdom

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