Offshore staff
GUILDFORD, UK – Zennor North Sea has an agreement to acquire Mitsui E&P UK’s 8.97% interest in two licenses over the Britannia field in the UK central North Sea.
These are P.213, covering block 16/26a, Area B and P.345, over block 16/27b Area B.
Completion of the transaction is subject to regulatory and partner consents.
Zennor is the outright owner of the nearby Finlaggan field, which it is looking to develop as a subsea tieback to the Britannia platform.
The company is currently drilling two wells ahead of a development.
Recently the company secured further acreage in the area under theUK’s 30th Offshore Licensing Round, including the Leverett discovery in block 21/03d, which may form a future potential tieback to the Finlaggan subsea infrastructure.
Mitsui will retain the majority of the decommissioning liability for the Britannia interest up to an agreed cap, with Zennor responsible for the balance.
09/17/2018
