The North Sea Transition Authority (NTSA), responsible for regulating oil, gas and carbon storage industries, is currently running its 33rd offshore oil and gas licensing round. A short history of drilling in the U.K. North SeaGeographically, the North Sea lies between England and Scotland on its west, the Netherlands, Belgium, and France on its south, and Norway, Denmark, and Germany on its west. The first licence for exploration in the U.K. North Sea was awarded to British Petroleum (BP) in September 1964. Hamilton, an American oil company, was the first to bring North Sea oil to the shore in 1975. In the next 15 years, BP started more than 15 fields in the U.K. North Sea (and four in the Norwegian North Sea).

Source: The Hindu August 18, 2023 23:56 UTC