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Talon Petroleum aims to grasp more North Sea licences

Talon Petroleum has submitted applications for acreage covering 12 exploration prospects.
Talon Petroleum has submitted applications for acreage covering 12 exploration prospects.

Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.

The operator has submitted applications for areas covering 12 exploration prospects as part of the Oil and Gas Authority’s 32nd licensing round, which closed earlier this week.

Talon said the awards would strengthen its “core focus area” in the Central North Sea.

The new licences would add “significant prospective resources”, the firm added.

Talon kicked off its mini-spree of North Sea assets in October 2018 with the acquisition from Corallian Energy of a 10% stake in the 45-million barrel Curlew-A discovery in the prolific Central Graben area.

The partners hope to drill an appraisal well next year.

In January, Talon struck its deal to buy Hertfordshire-based EnCounter Oil, more than doubling the size of its North Sea portfolio. The transaction gave Talon 100%-ownership of the Skymoos and Rocket prospects.

Skymoos, in the outer Moray Firth, could hold more than 100m barrels.

The 27m barrel Rocket prospect lies in the Central Graben Area, near the Catcher field.

The OGA is expected to announce the awards of the 32nd licensing round in the second quarter of next year.

 

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