New North Sea oil and gas field development gets approval

The development of a new North Sea oil and gas field has been approved by Energy Minister Charles Hendry.

He also underlined the vital role of North Sea oil and gas in securing the UK’s future energy supplies.

Hendry also announced record levels of interest in new developments in the North Sea as 356 blocks have been applied for in the latest licensing round, the largest number of blocks applied for since the first licensing round was launched in 1964.
 
The development of Apache’s Bacchus oil field was approved, which is located in the Central North Sea and has estimated reserves of 18 million barrels of oil equivalent.

Hendry said: "The North Sea remains an important hub for investment and will continue to be at the heart of the UK’s energy security for years to come."

"This approval is in accordance with the UK’s stringent safety and environmental regimes in the North Sea, and shows that there are still plenty of opportunities for developments in UK waters."
 
Further information:
Department of Energy and Climate Change