UK DTI Makes Out of Round Offer on Block 15/25e

The DTI has offered an Oil and Gas Production License for the eastern part of block 15/25e (east of Longitude 0 deg 52 minutes east) to Oilexco North Sea Limited, and an additional offer was also made to both CNR International and Oilexco North Sea Limited under a marriage arrangement for the area of the block to the west of this line of Longitude.

The companies will have a fixed period in which to decide whether or not to accept the offers.

Details of the License are as follows:

Operator

Partner

Block

Firm Work

Other

Marks

Oilexco

-

15/25e (East)

1 Well

-

133

CNR

Oilexco

15/25e (West)

Obtain seismic

Drill/Drop

72

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