Italian energy major ENI said on January 26 the company was awarded a new production license, resulting from an application made in the 32nd UK Offshore Licensing Round.
According to ENI, the License, named P2511, covers an area of approximately 340 square kilometers and is located approximately 250 kilometers offshore UK in the Northern North Sea in a water depth ranging from 100 meters to 130 meters. It is situated near the UK/Norwegian border where several significant discoveries were recently made.
The license has an Initial Exploration Term of six years. Eni UK will assume the role of operator with a 100% participating interest, ENI said in a press release.
Through the license participation, ENI said the company renews its commitment to the valorization of resources in the UK sector of the North Sea where the company has been operating for over 50 years.
