The North Sea Transition Authority (NSTA) announced May 3 it is offering 31 more licenses in the latest phase of the 33rd oil and gas licensing round.
A total of 82 offers to 50 companies have been made in the round, which attracted 115 bids from 76 companies across 257 blocks and part-blocks.
The licenses offered in the round are expected to add an estimated 545 MMboe by 2050 and 600 MMboe through 2060.
The first tranche offered 27 licenses in October 2023, with the second tranche in January 2024 offering 24 licenses.
The awarded licensees, blocks and stakes for the third tranche are:
- Albion Energy, blocks 43/24c, 43/29, 43/30, 43/25, 44/21c, 100%
- Bridge Petroleum, blocks 42/30b, 43/26b, 100%
- dCarbonX, Block 110/3b, 100%
- Deltic Energy, blocks 43/2b, 43/3b, 43/4b, 43/9, 43/14a, 47/5e, 47/10c, 48/6c; 100%
- Finder Energy, blocks 14/23a, 14/24a, 14/27a, 14/28a, 14/29a, 14/30a, 100%
- Finder Energy, blocks 20/1b, 20/2d, 20/3a, 20/6d, 20/7d, 20/8c, in partnership with Dana Petroleum
- Hartshead Resources, blocks 44/19b, 44/21d, 44/22, 44/23b, 44/27, in partnership with Meridian Resources
- Hartshead Resources, blocks 48/10, 48/14d, 4815b, 100%
- Hartshead Resources, blocks 48/18c, 113/27c, in partnership with Comtrack Ltd.
- Horizon Energy Partners Ltd., blocks 36/14a, 36/15a, 36/19, 36/20, 37/11a, 37/16, 36/30c, 42/5c, in partnership with Horizon Energy Acquisition Limited
- Horizon Energy Partners Ltd., blocks 37/26, 37/27, in partnership with Horizon Energy Acquisition Ltd. and Reabold Southern North Sea
- Ineos, blocks 43/12a, 43/13b, 43/12b, 43/13c, 43/14b, 43/17a, 43/18a, 43/19d, in partnership with One-Dyas
- Neo Energy, blocks 22/23c, 22/28b, 100%
- Neptune E&P, blocks 43/20c, 44/16a, 44/17a, 44/21b, 44/13a, 44/16c, 44/17b, 44/18a, 44/23a, 100%
- One-Dyas, blocks 42/2b, 42/3, 42/4, 42/7a, 42/8a, 42/14a, 42/15b, in partnership with Shell
- Orcadian Energy, blocks 50/21a, 50/26, 49/25b, 49/30b, 100%
- Perenco UK, blocks 43/21a, 43/22a, 47/4d, 47/5d, 47/5b, 48/1a, 48/1b, 48/2b, 48/12a, 100%
- Petrogas, Block 48/2c, 100%
Recommended Reading
TC Energy Spinoff, Oxy Warn Shareholders of Unsolicited Mini-Tender Offer
2024-11-04 - South Bow and Occidental Petroleum said the offer from TRC Capital, which seeks to purchase up to 2 million and 3 million common shares respectively, is below both companies’ current market value.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Dividends Declared the Week of Oct. 28
2024-11-01 - Here is a compilation of dividends declared this week for select upstream, midstream and downstream companies.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.