UK Could Allow Oil and Gas Exploration for Tiebacks to Producing Fields ...Middle East

Economy by : (OILPRICE) -
The UK government, which has pledged not to issue new oil and gas exploration licenses, plans to offer operators flexibility and allow them to explore the potential of tiebacks to link adjacent resources to existing oil and gas hubs in the North Sea, a senior figure in Scotland from the ruling Labour party told the Financial Times. “Even if it is only a marginal increase [in production], why wouldn’t we give it to them,” the Labour official told FT. The UK government, earlier this year, launched a consultation on the clean future…

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