UK strategy to shore up targets

NORWEST Energy subsidiary NWE Mirrabooka has opted to relinquish its P1928 licence in Bournemouth Bay in the UK following talks with joint venture partner Wessex Exploration and the UK Department of Energy and Climate Change.

The decision was made to drop the licence and reapply for more prospective parts of the P1928 permit area in the next round of offshore licencing, expected to open next month, after it became apparent