Zenith Pure Oil’s Successful Bidding in UK 28th Seaward Licensing Round
- Zenith Pure Oil has been offered four attractive licenses in the UK Continental Shelf
- Zenith Pure Oil completed its first acquisition in the North Sea in March 2014
Budapest, Hungary – 13th November, 2014 – Zenith Pure Oil proudly announces that it has been offered four licenses, all as operator, on the UK Continental Shelf as part of the UK’s 28th licensing round.
All offered licenses have Drill or Drop well obligations and are located in the Central and Northern UK North Sea.
Zenith Pure Oil has focused on its strategic play knowledge and capabilities and will be seeking to further define and de-risk these latest license additions to its current UK portfolio of assets through quantified and technology driven exploration.
Zenith Pure Oil is extremely pleased to have secured a number of highly prospective licenses in the UK Continental Shelf as operator. Zenith Pure Oil looks forward to working with experienced industry partners in order to technically mature these licenses and progress to the exploratory drilling phase.
The offer of awards will be confirmed following negotiations between Zenith Pure Oil and the UK Department of Energy & Climate Change.
Zenith Pure Oil Energy UK Ltd. (100% subsidiary of Zenith Pure Oil) was established in Aberdeen in March 2014. The company completed its first acquisition of 14 offshore licenses in March 2014, and will acquire a further six offshore licenses later this year when its ongoing sales transaction with Premier completes. The recently announced leadership team supports Zenith Pure Oil’s growth strategy in the North Sea region.