All of the licenses are operated by SEPL and offered on conditions of seismic reprocessing and ‘drill or drop’ decision.
The followings are the licenses details.
License P2372 – Block 21/1b and 21/6a (part), SEPL: 100% working interest, operator SEPL. These blocks lie to the northwest of Avalon discovery, in which SEPL holds a 50% working interest.
License P2382 – Block 22/14c, SEPL: 50% working interest, Ping Petroleum UK Limited: 50% working interest, operator SEPL.
License P2388 – Block 23/21b, SEPL: 50% working interest, Serica Energy UK Limited: 50% working interest, operator SEPL.
SEPL is delighted to have captured 3 operated licenses. Sumitomo, through SEPL looks forward to continued growth of its business in the UKCS, with a spirit of Maximizing Economic Recovery.
Source: Company Press Release
