Oilvoice.com: Shell Awarded Eight Blocks in 22nd Offshore Licensing Round (ShellNews.net)

17 September 2004

Shell U.K. Limited has been awarded two licences in the 22nd offshore licensing round in the UK Continental Shelf. Both licences are in the deep water Atlantic area West of Shetland and comprise a total of eight blocks. One is a new 'Frontier' licence with BP as partner and the other a Traditional licence with BP, ChevronTexaco and Faroe Petroleum as partners. Shell will be operator in both cases.

Kieron McFadyen, Technical Director of Shell Exploration & Production in Europe said: "We are very pleased with the awards in this licensing round. We believe the Atlantic margin West of Shetland is an area of potential. The award of these new licences is a further demonstration of Shell's continued commitment to the North Sea and as the leading oil and gas operator in the UK Continental Shelf."

Rien Herber, Exploration Director of Shell Exploration and Production in Europe, said: "The complex geology, deep water and difficult sea and weather conditions make the Atlantic margin a challenging area to develop and operate. However, Shell has immense experience in high-risk environments, which will allow us to maximise the chances of unlocking the potential in these areas."

The award of these operatorships comes three months after the Norwegian Ministry of Petroleum and Energy awarded Shell two operatorships and two partnerships in the 18th offshore licensing round on the Norwegian continental shelf. Again, this is a deep-water area where Shell can harness world-class expertise.

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