Parkmead, the UK and Netherlands focused independent oil and gas group, has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea.
Located in Blocks 20/3c & 20/4a, the Polecat and Marten fields sit within Licence P.2218. Parkmead has acquired a further 50 percent interest in the license and now operates the asset with 100 percent equity. Parkmead initially secured its first 50 percent interest in these blocks as part of the UK 28th Licensing Round awards, where the company won a total of nine new oil and gas licenses covering 12 offshore blocks.
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