Azinor Catalyst has signed an agreement to acquire a 100% working interest in UKCS Licence P.1989, containing Blocks 14/11, 14/12 & 14/16, from Norwegian Energy Company UK Limited and Noreco and Trap Oil Limited.

Under the terms of the agreement Catalyst will purchase the entire working interest in P.1989 from Noreco (50% working interest) and Trap (50% working interest). Catalyst will undertake to complete the outstanding Firm Work Programme obligations on the licence. Catalyst has already met these obligations through the purchase of new 3D Geostreamer seismic data over the Licence.

Tags: AziNor Catalyst