Maersk wins blocks in UK licensing round

Oct 27, 2010 12:00 AM

Maersk Oil has been granted licenses encompassing 10 blocks in the DECC's 26th Licensing Round.

Commenting, Maersk Oil UK Managing Director Martin Rune Pedersen said, "I am extremely pleased with the outcome of 26th Licensing Round. We entered the UK sector of the North Sea with the clear aim of growing the business through ongoing investment and expanding our exploration portfolio." "Our exploration team is highly experienced and successful, and the award of these additional licenses, with our partners, is in line with our growth strategy.

Maersk Oil has the track record and technical expertise to maximize value from these licenses," Pedersen said.

Maersk Oil and partners were awarded the following: Operated Block 22/4c with partner Venture Blocks 22/21c, 22/26c with partners Premier and Venture Block 22/30e with partners Britoil, ENI, Nippon Block 23/26e with partners Britoil, ENI, Nippon Non-Operated Blocks 3/25b, 3/30b, 4/21, 4/26b Total as operator Block 30/1a, GdF Suez as operator (other partners with Maersk Oil are RWE, Nippon)

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