Parkmead has been provisionally awarded six new licences covering a total of nine offshore blocks in the UK 28th Licensing Round, as announced by the Energy Minister. These newly awarded licences are located in the Central and Southern North Sea areas and will all be operated by Parkmead. Three of the new licences significantly increase Parkmead's asset base around the Company's large Perth Dolphin Lowlander (PDL) oil hub development project.
These awards, which include new exploration prospects as well as proven discoveries, follow on from Parkmead securing eight new licences covering a total of 30 offshore blocks in the UK 27th Licensing Round awards. The new licence awards take Parkmead's total number of oil and gas blocks across the UK and the Netherlands to 61, with 48 of these being operated by the Group. These new licences complement Parkmead's strong existing asset base of oil and gas production, new exploration prospects and the major PDL oil hub development.