Zennor joins Dana in North Sea Arran project

Zennor North Sea has completed the acquisition of interests in UK production license P359 from Esso Exploration and Production (UK).

Offshore staff

GUILDFORD, UKZennor North Sea has completed the acquisition of interests in UK production license P359 from Esso Exploration and Production (UK), containing the Arran gas/condensate discovery.

The transaction covers 40.0002% of block 23/16b Area A (Arran North), and 66.667% of block 23/16a Area B (Arran South), in the East Central Graben.

Together they comprise a 47.35664% unitized interest in the unit area covering the discovery, which will likely be delineated as theArran field.

Arran’s operator, Dana Petroleum (E&P), is in the process of applying for consent for a field development.

Zennor’s strategy is to build a diversified UK portfolio with eventual net production of more than 10,000 boe/d from resources of over 100 MMboe.

07/03/2017

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