The farm-out agreement is subject to approval of the UK Department of Energy and Climate Change (DECC).
Under the deal, Centrica and JX Nippon will undertake preliminary seismic based work, following which they will, at their election, provide Trapoil with a full carry on an appraisal well designed to fully evaluate the Kew discovery.
If the appraisal well proves to be successful, the P.1864 Group will seek to complete and submit a field development plan to DECC.
Trapoil acquired a 100% working interest and operatorship of Kew following the acquisition of Reach Oil & Gas this year.
Under the new farm-out agreement, Centrica will assume operatorship of Kew.
Located in the South Viking Graben, Block 9/24d contains the undeveloped gas-condensate discovery, Kew, discovered by well 9/24b-3.
Kew is a Brae style submarine fan play and is analogous to the Devenick field located on trend to the south.
