Enquest offered 11 permits in latest oil and gas licensing round
North Sea operator EnQuest has been offered 11 licences in the 27th Oil and Gas Licensing Round of the UK's Department of Energy and Climate Change.
North Sea operator EnQuest has been offered 11 licences in the 27th Oil and Gas Licensing Round of the UK's Department of Energy and Climate Change.
The company applied for fourteen blocks, and is awaiting the results of two applications that are yet to be announced.
Eight of the licences will be operated by Enquest, with the remaining three operated by other firms.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Amjad Bseisu, EnQuest Chief Executive Officer, said: "We are pleased by the offer of these licences which complement and build on the strength of our existing portfolio in the North Sea. Having secured so many of the applications we made, yesterday's successes in this 27th round provide us with a raft of interesting new opportunities for growth."
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How does the Lifetime ISA work? Key LISA rules
What is a Lifetime ISA (LISA) and how much could the government bonus boost your savings by? We look at the perks and the pitfalls.
-
AJ Bell: a fine British fintech going cheap
Opinion Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base