UKOOA Welcomes 18th Round

UK Offshore Operators Association (UKOOA) welcomes the opening of the 18th Seaward Petroleum Licensing Round today (9 June 1998).

James May, UKOOAs Director-General, said We very much hope that the 18th Round will be a success, both for our members and the Government.

We must remain concerned however that the promised consultation document on the review of the fiscal regime has not yet been published. There is a danger that the bids in the Round will be depressed by the uncertainty that this causes. We would hope that the document will soon be published to allow the 18th Round to maximise its potential.

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