The company, in a statement, noted that all its new blocks will be 100% owned, are in the vicinity of the Bruce field area, and none come with any drilling commitments.
UK regulator the Oil and Gas Authority (OGA), separately confirmed it has offered 113 licence award, representing over 259 blocks or part-blocks, to 65 companies in the 32nd Offshore Licensing Round.
The round primarily comprised blocks in mature, producing areas close to existing infrastructure.
Additionally, amidst the pandemic and broader uncertainty, the OGA noted that the awards are made under flexible terms to allow applicants to define a licence duration and phasing that will allow them to execute optimal work programmes.
Published at Fri, 04 Sep 2020 07:31:00 +0000-Serica Energy adds acreage near Bruce area