Cuadrilla wins two exploration licences
Cuadrilla said it has been offered two new exploration licences, as part of the UK Government’s 14th round for onshore oil and gas licences.
The licences, each one approximately 100km² in area, and all located in Yorkshire, are Block SE95 in the South Cleveland Basin and Block SE40f in the Gainsborough Trough. Cuadrilla was jointly offered the licence for the Cleveland Basin with partner, GDF Suez E&P UK (70% Cuadrilla, 30% GDF Suez) and is the sole licensee on Block SE40f, the company said in a statement.
For the next year activity in these new exploration licence areas will largely centre on desktop studies and in some cases carrying out seismic surveys. This will give the company detailed data on the geology deep underneath the licence areas, helping to assess where exploration sites could subsequently be located.