Let’s not lose sight of the considerable investments in renewables such as wind and solar power, new transmission infrastructure, energy storage facilities, north -south electric interconnecters, plus new nuclear at Sizewell C and SMRs funding for development by RollsRoyce etc. Periodic reports reveal that some of these developments are being held up by lack of skilled workers. So adding more licences to offshore oil could only exacerbate the shortage of workers for the low carbon economy. Plus despite the oil being in UK waters it’s sold on the global market at world prices and does nothing to support our self sufficiency in energy. Detaching electric from the price of oil should lead to reductions in bills once someone gets a handle on the contracting regime associated with renewables or nuclear.