Zennor Petroleum Limited (“Zennor”) is pleased to announce that its wholly owned subsidiary, Zennor Exploration Limited, has been successful in the UK’s 32nd Offshore Licensing Round (“the Round”). Zennor participated in five applications in the Round and is pleased to have been offered awards across all its application areas.
Zennor has been particularly successful in its core Finlaggan/Britannia area with the offer of a number of awards, both Operated and non-Operated, jointly with Chrysaor Production (U.K.) Limited and Chrysaor E&P Limited (“Chrysaor”). The Operated awards include the gas condensate Bowmore discovery and the MacCulloch field.
In parallel, Zennor has also been offered an Operated Licence over UKCS block 21/20b with DNO North Sea (U.K.) Limited which includes the Christian and Bligh discoveries; and a non-Operated Licence over UKCS block 21/24d with Anasuria Hibiscus UK Limited as Operator, which includes the West Teal discovery.
Martin Rowe, Zennor’s Managing Director, said:
“Zennor is extremely pleased with all the potential awards offered by the Oil and Gas Authority in the UK’s 32nd Licencing Round. They build off the awards received in the 30th Round which have put the Murlach (formerly Skua) redevelopment project into our investment plans and we hope that the offer of awards in the Finlaggan/Britannia area in conjunction with the Britannia operator, Chrysaor, will go a long way towards building an aligned growth plan for that area.
We look forward to working with all our existing and new partners to develop the potential of our 32nd Round licences. These licences represent attractive strategic fit with Zennor’s existing portfolio and will further bolster our growth plans in the UK North Sea.”
For all media enquiries, please contact:
Ben Brewerton/Sara Powell, FTI Consulting
Tel: +44 (0) 203 727 1000