Margaret river offshore drilling lease approved to extend the life of the existing lease
The Royal Dutch Shell Petroleum Company (RDSP) has granted a second exploratory drilling licence to the Sargasso Sea to explore for oil and gas in the Arctic area. This follows in a series of earlier exploration licences, granted in 2009 and 2010 respectively.
The two new licences, issued on November 11 and 11, 2011 for the exploratory and exploration drilling activities, both for the Sargasso Sea and the Sosso-Avenger region in the Gulf of Archundaean sea, have extended the existing terms of licence granted by Royal Dutch Shell Petroleum Company to operate in the Sargasso Sea and the Sosso-Avenger region for five years. The existing contract allows the operators of the exploration drilling licence to operate between 31 December 2017 and 12 March 2020. In addition, the extension to allow operation between 30 March 2019 and 15 May 2023 has been made so that the duration of the operation is extended from five years to 10 years, allowing the development of an oil and gas well. The drilling licences were바카라 granted to the Arctic Sea exploration licence, a sub-licence with a maximum exploration radius of 250 kilometers, with an exploration contract awarded to a company called Fosun.
RDSP has said that the new exploration licence is intended to provide a new opportunity for the Royal Dutch Shell Corporation to explore for oil and gas and to extend the life of existing exploration licences in the Arctic and offshore waters in the Gulf of Archundaean.
At the moment, it is not clear whether this licence will extend the existing licences beyond 30 December 2023 or whether it will be renewed until 2020. However, the exploration licences for the Sargasso Sea and the Sosso-Avenger, which expire on 2 April 2020,더킹카지노 are currently running from 30 December 2017 to 12 March 2020 and require a new exploration licence. Therefore, the new licence may mean that the Sargasso Sea exploration licence and the two current licences expire more frequently.
The Royal Dutch Shell Petroleum Company’s subsidiary, Suez, has a 20-year exploration lease for the Sosso-Avenger region, which was signed in December 2012. In this agreement, Suez, along with the consortium of companies that own the Sosso-Avenger oi바카라l and gas platform, has agreed to allow up to 12 months for the Suez subsidiary to fully extend the exploration lease without paying any of the development costs.