STOCKHOLM, Sweden – Britain’s government has awarded a further block to PA Resources and partners First Oil and Gas and Dyas UK under the UK’s 28th Seaward Licensing Round.
Block 21/24b in the UK central North Sea contains the undeveloped West Teal oil discovery, with further prospectivity. The partners’ bid included a contingent well in the initial four-year term of the license term.
PA Resources CEO Mark McAllister said the block complemented the company’s earlier announced award of blocks 22/18c and 22/19d containing the largeEkland prospect.
“Our 28th Round awards are in proven plays near to infrastructure and contain a balanced combination of existing discovered resources that can be re-assessed with the benefit of new3D seismic data, and material exploration prospectivity.”