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PA Resources receives provisional licence award in UK 28th Round


Published Nov 14, 2014
PA Resources

PA Resources has been successful in the UK's 28th Seaward Licensing Round and has been provisionally awarded Blocks 22/18c and 22/19d as part of a group comprising of PA Resources (25 percent), E.On (40 percent), Cairn Energy's wholly-owned subsidiary Nautical Petroleum (25 percent) and First Oil and Gas (10 percent).

The awarded blocks lie adjacent to PA Resources' Block 22/19a which contains an undeveloped gas and condensate discovery. Whilst PA Resources operated the UK 28th Round licence evaluation and application, E.On will assume operatorship on award.

Blocks 22/18c and 22/19d contain the large Ekland prospect on which the group has bid a firm exploration well in the initial four year licence term.

Tags: PA Resources




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