North Sea Oil Rush: a Concession in the English North Sea Awarded
One significant find after another has been made in the North Sea since 1970. Marquard & Bahls wants to capitalize on this.
Th. Weisser KG has been awarded a concession in the English North Sea for blocks 3/23 and 38/8. The licence is awarded within the context of a consortium involving Ball & Collins of Great Britain, Deutsche Schachtbau- und Tiefbohrgesellschaft mbH and New England Petroleum, USA. When dealing with geologically uncharted regions, concessionaires occasionally look for partners to share the risks and successes. Deep sea drilling is to start early 1973. The seismic exploration is conducted within the framework of the consortium.