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UK defies climate warnings with new oil and gas…

Business Magazine 24 Published Oct 7, 2022 Reviewed Aug 18, 2026 ✓ Reviewed by citations.press editors
UK defies climate warnings with new oil and gas…
The North Sea Transition Authority reports that the average time between discovery and first production is about five years, and that gap is shrinking.
about 5 years · time between discovery and first production North Sea Transition Authority
Offshore Energies UK estimates that up to 15 billion barrels of oil remain in the North Sea.
about 15 billion barrels · oil reserves Offshore Energies UK
Business Secretary Jacob Rees-Mogg said the new exploration will boost energy security and support skilled jobs.
Jacob Rees-Mogg, Business Secretary
Jacob Rees-Mogg said that Putin's illegal invasion of Ukraine makes it more important than ever to make the most of sovereign energy resources.
Jacob Rees-Mogg, Business Secretary
The North Sea Transition Authority said the licensing process will be fast-tracked in parts of the North Sea near existing infrastructure, allowing quicker development.
North Sea Transition Authority
The UK government has opened a new licensing round offering nearly 900 exploration locations, with up to 100 licences to be awarded.
about 900 locations · exploration locations100 licences · licences
The UK is making licences available for 989 North Sea blocks.
989 blocks · blocks
North Sea oil and gas production peaked roughly 20 years ago.
about 20 years · time since peak production
The Climate Compatibility Checkpoint criteria cover emissions from oil and gas production and their international comparison, but do not account for carbon dioxide emitted when the oil and gas are burnt.
Campaigners and the oil industry agree that the reserves will not be large enough to significantly impact UK energy prices.
Since North Sea oil and gas production peaked about 20 years ago, the UK has shifted from producing more oil and gas than it needs to importing it from other countries.

The UK has opened a new licensing round for companies to explore for oil and gas in the North Sea.

Nearly 900 locations are being offered for exploration, with as many as 100 licences set to be awarded.

The decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded.

They say there can be no new projects if there is to be a chance of keeping global temperature rises under 1.5C.

Both the Intergovernmental Panel on Climate Change (IPCC), the global body for climate science and the International Energy Agency (IEA) have expressed such a view.

Business Secretary Jacob Rees-Mogg says the new exploration will boost energy security and support skilled jobs.

And supporters of new exploration insist it is compatible with the government's legal commitment to reach net zero greenhouse gas emissions by 2050. They say the North Sea fossil fuel will replace imported fuel and so have a lower carbon footprint in production and transportation.

Licences are being made available for 989 sectors of the North Sea - known as blocks.

"Putin's illegal invasion of Ukraine means it is now more important than ever that we make the most of sovereign energy resources," Mr Rees-Mogg said in a statement.

The licensing process will be fast-tracked in parts of the North Sea that are near existing infrastructure and so have the potential to be developed quickly, according to the North Sea Transition Authority. It says the average time between discovery and first production is close to five years but that gap is shrinking.

Both campaigners and the oil industry agree that the reserves will not be large enough to have a significant impact on the prices consumers pay for energy in the UK.

"This government's energy policy benefits fossil fuel companies and no-one else," said Philip Evans, energy transition campaigner for Greenpeace UK.

"New oil and gas licences won't lower energy bills for struggling families this winter or any winter soon nor provide energy security in the medium term."

North Sea oil and gas production peaked about 20 years ago and since then the UK has gone from producing more oil and gas than it needs, to importing it from other countries.

Offshore Energies UK, which represents the oil and gas industry say there could be as much as 15 billion barrels of oil left in the North Sea. It says that new fields will be less polluting than their predecessors and in a statement said they would be an environmental "bonus".

The decision to launch a licensing round follows the publication of the government's "Climate Compatibility Checkpoint", which "aims to ensure" the new exploration aligns with the UK's climate objectives.

The checkpoint criteria cover emissions from oil and gas production and how those emissions compare internationally but take no account of the carbon dioxide emitted when the oil and gas are burnt.

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