Department of Energy and Climate Change a
April 20
14:52
2015
The Secretary of State Ed Davey has today (20 April) notified Dea UK and LetterOne that he proposes to revoke Dea UKs North Sea petroleum licences unless LetterOne arranges for a further change of control of the Dea UK gas fields in the North Sea.
This decision was taken after a thorough review of all relevant information as well as obtaining cross-Government views.
Under the terms of the licenses held by Dea UK, Dea UK and LetterOne now have three months to effect a further change of control. However, the Secretary of State has offered to extend this period to six months and he awaits LetterOnes response to this offer.