Here is another commitment from GDF. I am not quite sure how this could benefit DTE but it sounds pretty good to me that they have obtained more licences in UK and committed to explore for gas in UK. Along with the commitment from the GOVT there... hummm!!! Could be very interesting indeed.
GDF SUEZ E&P UK announces further success in 27th licensing round awards
Published Dec 11, 2013 E-mail Print
GDF SUEZ GDF SUEZ E&P UK Ltd has been awarded five further licences in the Southern North Sea (SNS), three as operator, in the second tranche of the 27thoffshore oil and gas licensing round announced by the Department of Energy and Climate Change.
The exploration licenses will provide future exploration targets that could supply gas to the market, notably through the Cygnus hub facilities that GDF SUEZ E&P UK is currently developing. With the aid of improved 3D seismic acquisition, further prospects could be identified that could extend the life of this mature basin.
Jean-Claude Perdigues, Managing Director, GDF SUEZ E&P UK commented: “These five licences enhance our position as a major player in the UK, particularly in the Southern North Sea. These new licences will extend our options for further SNS development including the exploration of interesting new plays in alternative areas of the basin. These new licences integrate perfectly with GDF SUEZ’s strategy for a strong commitment in the UKCS.”
DTE Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
