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In an attempt to mitigate a growing dependency on imports, the UK government has revealed legislation to promote development of the North Sea's last offshore oil and gas frontier. Combined with a new licensing round offering licenses for exploration in all UK waters for the first time in 12 years, these incentives will potentially open up 20% of the UK's remaining untapped oil and gas reserves.
Published By Datamonitor
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09 Feb 2010 |
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