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Licensing rounds

Licensing rounds

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DECC issues licences through competitive licensing rounds. It believes this method yields better quality bids than other methods. Unlike auctions, for instance, licensing rounds do not divert significant sums of money away from exploration work and they give a much better expectation that a licence will be awarded to the bid that promises to optimise exploitation of the UK's petroleum resources.

Onshore and offshore licensing rounds generally take place every year.

Access here information about current and previous licensing rounds including lists of offers made in each round, press notices, maps, and the contact details of operators offered licences.

 

 

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