Centrica plc, the parent company of British Gas, and Statoil ASA today signed an extension to their Memorandum of Understanding (MoU) to collaborate on gas-focussed exploration opportunities in Norway and the UK.
The original MoU, which was signed in November 2011, has already resulted in the companies bidding jointly in the 27th UK North Sea licensing round. Today’s agreement extends the MoU until June 2013.
Prime Minister David Cameron said: “I’m delighted that Centrica and Statoil are going to continue their successful gas exploration together in Norway and the UK.”