UK awards new onshore oil and gas licences



The UK Government has awarded 93 new licences for onshore oil and gas exploration.
Tthe UK Oil and Gas Authority is allowing companies to explore 159 blocks as part of its 14th Licensing Round.
Around 75% of them are related to shale oil and gas which requires additional regulations for fracking.
Most of licenses are located in North Yorkshire, the North West and the East Midlands.
The company which has won most of the licences is INEOS with 21.
Cuadrilla, IGas and Southwestern Energy are also some of the companies among the winners.
The offer follows the approval by MPs to frack under national parks.
Earlier this week, the Shale Gas Task Force said the country should start fracking “as soon as possible” to find out the economic impact.
Energy Minister Andrea Leadsom said: “Last month we set out the vital role gas will play in the UK’s transition to a low-carbon future. The licences offered today move us a step closer – driving forwards this industry which will provide secure, home grown energy to hardworking families and businesses for decades to come.”
The government said it will make the final decision on whether fracking in Lancashire should proceed or not.