Maersk Oil cancels two North Sea licenses
According to North Sea Energy, Maersk Oil has decided not to renew Bagpuss and Blofeld Licence P. 1943 in the UK North Sea. After Premier Oil decided to withdraw from the Bagpuss license in the North Sea in September, the time has now come for Maersk Oil to do the same.
North Sea Energy is a partner in Bagpuss and Blofeld, which the company describes as "two good opportunities for exploitation in the UK North Sea." The news that Premier Oil would leave the project was also revealed by the North Sea Energy back in September.
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