PA Resources has been successful in the U.K.’s 28th Seaward Licensing Round and has been provisionally awarded Blocks 22/18c and 22/19d as part of a group comprising of PA Resources (25%), E.On (40%), Cairn Energy’s wholly owned subsidiary Nautical Petroleum (25%) and First Oil and Gas (10%).
The awarded blocks lie adjacent to PA Resources’ Block 22/19a, which contains an undeveloped gas and condensate discovery. While PA Resources operated the U.K. 28th Round license evaluation and application, E.On will assume operatorship on the award. Blocks 22/18c and 22/19d contain the large Ekland prospect on which the group has bid a firm exploration well in the initial four-year license term.
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