Finder Energy wins UK North Sea exploration licence

22 Feb 2021

Western Australian oil and exploration company Finder Energy has secured a 100% stake in P2530 under the 32nd UK offshore licencing round.

Located in the Central North Sea, the P2530 has an area of 576 sq km and is situated 140km ENE of Aberdeen in water depths of around 90m.

The P2530 is surrounded by oil fields that include the Greater Kittiwake Area and the prolific Forties oil field.

Finder said that it has detected stacked play potential with crucial objectives being the Lower Cretaceous and Upper Jurassic sandstone reservoirs.

Finder Energy CEO Damon Neaves said: “The North Sea is a prolific oil and gas province both in terms of resources and infrastructure.

“The North Sea’s exceptional data coverage and quality makes it a natural extension of Finder’s technically-driven exploration strategy. P2530 is our first step in building a meaningful presence as a North Sea explorer.”

For more information please visit EICDataStream.

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