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LLoyds List: Britain speeds up approvals

Britain speeds up approvals
Lloyds List; May 09, 2006

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BRITAIN'S Department of Trade and Industry has approved 10 offshore oil and gas projects and six hydrocarbon developments so far this year, writes Martyn Wingrove.

The government has sanctioned five standalone offshore developments and five incremental projects in the last four months, far exceeding its progress last year.

US major ConocoPhillips gained the green light in April to develop the Tethys and Mimas gas fields in the southern sector via wellhead platforms and Shell gained approval for its Merganser condensate field project.

So far this year, Danish group Maersk Oil has been given the nod to develop Donan, also known as Dumbarton with a floating production storage and offloading vessel.

Aberdeen-based Venture Production gained DTI sanction for the Goosander development, which will see the oil field tied back to the Kittiwake platform. Both these projects are due on line this year.

The government also sanctioned three incremental oil projects in the Nevis field area for ExxonMobil and two for BP in the Schiehallion field, West of Shetlands.

Of the onshore projects, five were for coal mine vents and the other was Midmar Energy's Lidsey oil project.

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