Licences are being made available for sectors of the North Sea, known as blocks, with the NSTA estimating over 100 may be granted.
A total of 898 blocks and part blocks are being made available, but in a bid to encourage production of new oil and gas supplies as quickly as possible the NSTA has identified four"priority cluster areas" in the southern North Sea.
"This licensing round includes gas discoveries in the Southern North Sea which can be rapidly tied back to existing infrastructure." On this, he added:"Signs are promising so far - our first carbon storage round closed last month with 26 applications from 19 companies across all the areas we offered."
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