Third Energy has been awarded two operator licences in the 14th onshore licensing round announced 17 December 2015.
Offshore, the company has also become an operator for the first time with award of licence P2284, supplementing its existing non-operated offshore assets portfolio in the North Sea.
The onshore licences are in the Cleveland Basin in north east England. Awarded in partnerships with groups operated by Third Energy UK Gas, they are in paired blocks NZ51 and NZ52b/52c and blocks SE99a and TA09.
The NZ52/52c blocks straddles the River Tees between Middlesbrough and Redcar with Block NZ51 located due south. Block TA09 is located north of Scarborough running up the east coast with Block SE99a located to the west.
Both blocks are contiguous with Third Energy’s existing Licence PL077.
The offshore licence is in Block 44/27 in the gas prone Southern North Sea, the same area as the company’s other existing offshore assets which include the Pegasus discovery.
Chief executive Rasik Valand, said: “We are moving forward with a number of projects, including the development plan offshore for Pegasus and onshore at Kirby Misperton.
“We are pleased to have secured two high potential onshore blocks, especially in light of the significant competition from other operators.
“We are also pleased to have been awarded the offshore block, and especially pleased to have achieved the milestone of becoming an offshore operator of a quality block with existing discoveries.”