Britain launches offshore oil licensing round for 768 blocks

Blocks on offer are located in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands
Britain launches offshore oil licensing round for 768 blocks LONDON:

* Britain's Oil and Gas Authority (OGA) has launched a licensing round for 768 offshore blocks, it said on Thursday.

* Blocks on offer are located in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

* "The OGA is also offering companies the opportunity to propose additional blocks in adjacent areas, for possible inclusion where applicants intend to commit to a substantial firm work programme," it said.

* The licensing round is open until November 12 at 1400 GMT with blocks to be awarded in the second quarter of 2020, the OGA said in a statement.