PA Resources gets two blocks in UK 28th round
- Business & Finance
PA Resources has been provisionally awarded Blocks 22/18c and 22/19d, located in the North Sea Central Area, in the UK’s 28th Seaward Licensing Round.
PA Resources has been awarded these blocks as part of a group comprising of PA Resources (25 percent), E.On (40 percent), Cairn Energy’s wholly-owned subsidiary Nautical Petroleum (25 percent) and First Oil and Gas (10 percent).
The awarded blocks lie adjacent to PA Resources’ Block 22/19a, in the North Sea, which contains an undeveloped gas and condensate discovery.
Whilst PA Resources operated the UK 28th Round licence evaluation and application, E.On will assume operatorship on award, the company explained in the press release.
PA Resources says that 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 licence term.