Zennor Petroleum offered five blocks in 30th UKCS license round

LONDON -- Zennor Petroleum Limited has announced that its wholly-owned subsidiaries, Zennor Pathway Limited and Zennor North Sea Limited, have been successful in the UK’s 30th offshore license round. Zennor participated in five applications in the round and has been offered five potential awards.

Zennor Pathway Limited has been offered operated awards in and around its Finlaggan development project. These blocks include a small extension of Finlaggan field onto previously unlicensed acreage, in addition to a discovery named Leverett, which may form a future potential tie-back to the Finlaggan infrastructure. Finlaggan development drilling is set to commence shortly, with the arrival of the Paul B Loyd Jnr semisubmersible drilling rig anticipated in third-quarter 2018.

In parallel, Zennor North Sea Limited has been offered several non-operated awards concentrated in and around Zennor’s existing Central North Sea acreage. These potential awards include additions to Zennor’s core ETAP area holding with the offer of acreage in conjunction with BP Exploration Operating Company Ltd. that includes the previously developed Skua field; alongside awards in partnership with Nautical Petroleum Ltd. (a wholly-owned subsidiary of Cairn Energy) and Dyas UK Ltd., which comprises acreage contiguous to the Company’s 30% held Ekland prospect. Planning for Ekland exploration drilling is continuing apace with the well expected to spud later in 2018.