Wessex Hydrocarbons Limited, a company based on Bath, has been granted an oil and gas exploration licence from the Department of Energy and Climate Change for the waters to the west of the Isle of Wight.
The announcement was made as part of the new North Sea licence blocks, released on 6th November.
The yellow blocks in the image above show those already under license, blue are blocks on offer and the pink blocks show the new awards.
Business and Energy Minister Matthew Hancock said,
“This successful licensing round, which is on track to be one of biggest rounds ever in five decades, is a boost for the UK economy and shows that our long term economic plan is working. We are creating more jobs by backing business with better infrastructure investment. Industry are scrambling over themselves to invest in the UK and explore for energy.”
Full details can be found on the DECC Website
