BP Buys Interests in 2 North Sea Prospects

BP announced Monday that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, after purchasing parts of several licenses to the east and west of Shetland.

In the east, BP bought a 25 percent interest in Statoil-operated licenses P2275 and P2097, which includes the Jock Scott prospect, and a 40 percent interest in the nearby P2163 and P2147 licenses. Statoil, which will remain the operator for all of these licenses, and BP plan to drill an exploration well on Jock Scott in mid-2017.

In the west of Shetland, BP has acquired a 40 percent interest in the north and a 30 percent interest in the south of the Nexen-operated license P2062, which includes the Craster prospect. Nexen will remain the operator of the license.

“Working together with companies such as Statoil and Nexen to access the North Sea’s remaining resource is an important part of our strategy to remain a material North Sea producer, investor and employer for decades to come. We look forward to working with both Statoil and Nexen on these exciting prospects,” Mark Thomas, BP North Sea regional president, said.


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