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Siccar Point Enhances Acreage Position in 32nd Licensing Round in UK

Gasoil News - Published on Tue, 15 Sep 2020

Image Source: Siccar Point Energy
Siccar Point Energy has secured four new licences in UK Oil & Gas Authority's 32nd Licensing Round for the UK Continental Shelf. Three new licences have been awarded in Siccar Point's Greater Corona Ridge core area in the West of Shetlands, materially enhancing an already established exploration portfolio. One licence encompasses six blocks on the Corona Ridge surrounding the Rosebank Field (Siccar Point 20% equity) and north of the Siccar Point operated P1830 licence on which the Blackrock discovery was made in 2019. This new licence is a 50:50 partnership with Shell and will be operated by Siccar Point. The second licence contains three blocks and centres on the prolific Rona Ridge south of the Clair Field in Quad 205 and 206. The licence contains multiple prospects in proven reservoirs flanking the basement high. Siccar Point will operate this licence with its coventurerSpark Exploration with a 50:50 split. The third West of Shetland licence area contains four blocks in Quad 205 in the Flett Basin to the east of the Schiehallion field (Siccar Point 11.75%) and south-eastof the undeveloped Siccar Point operated Tornado andSuilven gas fields. The licence contains mainly Paleocene prospectivity and Siccar Point will operate with 100% interest.

The fourth licence awarded contains two blocks east of and directly adjacent to the Mariner field in the North Sea. The licence is operated by Equinorwith Siccar Point holding 8.8889% equity.

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Posted By : Yogender Pancholi on Tue, 15 Sep 2020
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