BP acquires interests in two North Sea exploration prospects

November 28, 2016

LONDON -- BP has acquired interests in two exploration prospects, Jock Scott and Craster, in the North Sea.

BP acquired a 25% interest in the Statoil-operated licenses located to the east of Shetland, P2275 and P2097, which includes the Jock Scott prospect, and a 40% interest in the nearby P2163 and P2147 licenses. Statoil will remain the operator for all of these licenses.

Statoil and BP are planning to drill an exploration well on Jock Scott in mid-2017.

In the west of Shetland, BP acquired a 40% interest in the north and a 30% interest in the south of the Nexen-operated license P2062, which includes the Craster prospect. Nexen will remain the operator of the license.

BP and Nexen are also planning to drill an exploration well on Craster in mid-2017.

Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.