posted in:

Bridge Energy announces awarded new block in the UK North Sea

Tuesday, Jan 10, 2012

Bridge, the Oslo Axess-listed oil and gas exploration and production company (OAX: BRIDGE) is pleased to announce that it has been notified by the UK Department of Energy and Climate Change (DECC) that it has been awarded block 49/21c in the UK North Sea in the 26th Seaward Licensing Round. The award is for a traditional licence and the initial term is for four years and carries a commitment to reprocess 150 km of 3D seismic data. A decision on drilling a well will be required to be made by the end of the fourth year of the initial term.

Jim Brunton, MD of Bridge UK commented:
“We are very pleased to have been offered this block which we see as adding further quality to our exciting exploration portfolio in one of our core areas in the Southern Gas basin. Given the location of the block in this prolific and productive sector of the UK gas basin surrounded by the Leman, Vulcan and Valiant gas fields, we are confident in the prospects that we have mapped on the licence.”

Source: Bridge Energy

To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Project News

Fairstar Heavy Transport N.V. awarded two contracts by Saipem for Golden Eagle 27-01-2012
Deep Ocean Group Holding AS Expands Service Offering with Statoil 26-01-2012
Tamar Signs Contract worth estimated total of $750m 26-01-2012
Technip Awarded Detailed Design Contract for the Wheatstone Gas Processing Platform in Australia 26-01-2012
Marine Well Containment Company Honored with Blue Heron Award from the Louisiana Mid-Continent Oil and Gas Association 26-01-2012
Technip Awarded a Major Refining Contract in Bulgaria 26-01-2012
McDermott Awarded INPEX Ichthys Subsea Contract 26-01-2012
Kongsberg Maritime Announces Wins Marine Automation Systems Contract for two DSME Newbuild Drilling Rigs 25-01-2012
Heritage Oil Awarded Further Acreage in Tanzania 25-01-2012
Equatorial Guinea Expands LNG Project 25-01-2012