Project Profile
Location: West Forties ridge, between the West Forties basin and the Moray Firth basin, North Sea, UK
Blocks: 21/8c, 21/9c, 21/10c, 21/14a & 21/15b
Relinquishment Date: 25th March 2015
Total is taking a large chunk of a UK North Sea licence after signing a farm-in deal with local independent Trapoil. Total will be funding 43.75% of Trapoil’s current 50% interest, the other 50% currently being held by Norway’s Noreco. This funding includes the drilling of an exploration well and the acquisition of 3-D seismic. The licence carries a drill-or-drop option, exercisable within two years.
Operators:
Noreco: 50% interest
Total: 30.625% interest
Trapoil: 19.375% interest