Tullow Wins 9 Blocks in Latest UK Licensing Round
Tullow Oil
Tullow Oil was awarded nine operated exploration blocks in the UK 22nd offshore licensing round. The license awards, announced by the Energy Minister, Mr. Mike O'Brien, on September 14th, comprise seven blocks in Tullow's core CMS area of the Southern North Sea (SNS) and two blocks in the North Viking Graben.
The seven SNS blocks comprise two traditional awards located to the south of Tullow's Boulton field, and five Promote awards in under-explored acreage to the west of Boulton. A further two Promote awards are located in the North Viking Graben to the east of the Tern Field. These awards build upon an exploration position established in the 21st Round.
Tullow, as Operator of these awards, plans to reprocess existing 2D and 3D seismic data as part of a full evaluation of the potential of this acreage. Tullow intends to commence this work in early 2005.
Aidan Heavey, Chief Executive of Tullow commented:
"Tullow is committed to developing and expanding its business in the North Sea and the award of these operated blocks is further evidence of our progress. We look forward to working with our partners to determine the prospectivity of these areas.
In the Southern North Sea Tullow was awarded a Traditional License for blocks 44/21c and 44/26b. Tullow will be operator with a 25% stake. Partners are GDFB with 25%; Premier Oil with 25% and Endeavour Energy with 25%.
Tullow was also awarded a Promote license for blocks 43/22b, 43/23b, 43/27b, 43/28b and 43/29 in the Southern North Sea. Tullow is operator with a 25% stake and partners are GDFB with 25%; Premier Oil with 25% and Endeavour Energy with 25%.
In the North Viking Graben area Tullow was awarded a 1005 operatorship of blocks 210/25e and 11/21b.
The seven SNS blocks comprise two traditional awards located to the south of Tullow's Boulton field, and five Promote awards in under-explored acreage to the west of Boulton. A further two Promote awards are located in the North Viking Graben to the east of the Tern Field. These awards build upon an exploration position established in the 21st Round.
Tullow, as Operator of these awards, plans to reprocess existing 2D and 3D seismic data as part of a full evaluation of the potential of this acreage. Tullow intends to commence this work in early 2005.
Aidan Heavey, Chief Executive of Tullow commented:
"Tullow is committed to developing and expanding its business in the North Sea and the award of these operated blocks is further evidence of our progress. We look forward to working with our partners to determine the prospectivity of these areas.
In the Southern North Sea Tullow was awarded a Traditional License for blocks 44/21c and 44/26b. Tullow will be operator with a 25% stake. Partners are GDFB with 25%; Premier Oil with 25% and Endeavour Energy with 25%.
Tullow was also awarded a Promote license for blocks 43/22b, 43/23b, 43/27b, 43/28b and 43/29 in the Southern North Sea. Tullow is operator with a 25% stake and partners are GDFB with 25%; Premier Oil with 25% and Endeavour Energy with 25%.
In the North Viking Graben area Tullow was awarded a 1005 operatorship of blocks 210/25e and 11/21b.
RELATED COMPANIES
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension