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UK 27th Licensing Round

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Bayerngas has been offered a license covering 6 blocks in the UK 27th Licensing Round.

Bayerngas UK announced that it has been offered, by DECC, one license in the UK 27th Licensing Round. Bayerngas has been offered a 25% interest in the license which covers blocks 30/26, 30/27, 30/28, 38/2, 38/3 and 38/4 in the Central North Sea together with partners Nexen (Operator, 40%) and Apache (35%). The potential award carries a drilling commitment. Bayerngas anticipates the partners will accept the offer and that the license will be formally awarded later in the year. The Company also participated in other applications which remain under evaluation by DECC.

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