EnQuest PLC (“EnQuest”), the largest independent UK producer of oil in the UK North Sea, is pleased to announce that it has been offered eleven licences in the 27th Oil and Gas Licensing Round of the UK’s Department of Energy and Climate Change. EnQuest applied for fourteen blocks, it has been offered eleven of those fourteen with the results of two applications not as yet announced.

The licenses offered to EnQuest yesterday include

EnQuest Operated

2/4b – obligations to drill or drop

2/10a, 3/6 & 11c – (100%) – obligations to drill or drop

8/5 & 9/1b – West of Kraken – obligations to drill or drop

9/2d – (100%) – East of Kraken – obligations to drill or drop

15/17c – (100%) – Kilravock – obligations to drill or drop

21/7a – West of Scolty – obligations to drill or drop

21/17b – (100%) – Winchat – obligations to drill or drop

21/26 & 27c, 28/2b & 3 – (100%) – Elke/Pilot area – obligations to drill or drop

 

Not EnQuest Operated

22/11b – Contingent well

14/30c – Buffalo – obligations to drill or drop

20/14,19 & 20 – Cromwell – obligations to drill or drop

All of these licences are ‘Traditional’.

Amjad Bseisu, EnQuest CEO said:

“We are pleased by the offer of these licences which complement and build on the strength of our existing portfolio in the North Sea. Having secured so many of the applications we made, yesterday’s successes in this 27th round provide us with a raft of interesting new opportunities for growth.”

http://otp.investis.com/clients/uk/enquest/rns/regulatory-story.aspx?cid=201&newsid=279481