Azinor Catalyst announced that it has been awarded six traditional licences, two as an operator and four as a non-operated partner, on the UK Continental Shelf.
The Seacrest Group-backed E&P company focused on the North Sea and Northern Atlantic Margin has confirmed plans to drill two North Sea wells next year and is in talks about a third.
All offered licences have Drill or Drop well obligations and are located in the Central and Northern UK North Sea. The company has focused on its strategic play knowledge and capabilities. It will seek to further define and de-risk these latest licence additions to its current UK portfolio of assets through quantified and technology driven exploration.
Additional acreage has been applied for and is currently pending Environmental Assessment.
Nick Terrell, Executive Director of Azinor Catalyst, said: "We are extremely pleased to have secured a number of highly prospective licences in the UKCS, both as operator and as a partner with MOL Energy. We look forward to working with our industry partners in order to technically mature these licences and progress to the exploratory drilling phase."
"Furthermore, we have qualified as an operator, an endorsement of Azinor Catalyst’s in-house capabilities, financial strength and commitment to the safety of our people and the environment in which we operate. This status will no doubt open up additional opportunities in the region and we look forward to continuing to build scope, scale and value in our UK asset portfolio," he added.