May 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--More than 600 million barrels of oil equivalent could come from the licenses awarded for oil and gas drilling in the North Sea, the United Kingdom's government said.

The North Sea Transition Authority (NSTA), formerly the Oil and Gas Authority, closed its 33rd oil and gas licensing round last week, seeing bids come in from 76 different companies.