North Sea Natural Resources Ltd (NSNR) is an oil exploration, appraisal and production company with initial focus on the UK Central North Sea.
The company's strategy is to concentrate on areas that are prospective for oil, in proven hydrocarbon regions and where they believe they have a competitive advantage.
NSNR's team has the technical knowledge and experience to find oil and gas fields, properly appraise them so STOIIP and GIIP are correctly estimated, production platforms are correctly located and the fields are produced and operated efficiently across the full life cycle of exploration, development and production.
Emphasis will be on technical expertise, with geoscience and subsurface excellence at all levels of the company throughout staff, management and up to board level.
The company targets for exploration drilling will be 50% success ratio, appraisal drilling will be 60% success ratio and development drilling will be 80% success ratio.
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