Located in the Central Graben area of the North Sea, EnCore will be operator of five of the six blocks, which between them contain a number of undeveloped discoveries and exploration prospects.
Commenting on receiving regulatory consent, EnCore Chief Executive Alan Booth said: The formal DTI approval is excellent news for EnCore. We are developing the necessary work programs with our co-venturers to evaluate the commercial viability of the discoveries and assess the exploration prospects which exist on the blocks.
The six blocks acquired from PetroCanada UK Limited are: 21/24 (part) - 95% interest; 21/30S - 95% interest; 21/29b - SE 61.312% interest; 21/29b SW - 51.612% interest; 15/26a 47.5% interest; 29/6a 20.1005 interest.
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