Finder Energy has been awarded a 100% interest in the P2528 Licence in the 32nd UK Offshore Licensing Round.

Map source: Finder Energy

P2528 is located on the southern edge of the South Halibut Basin, Central North Sea and covers an area of 454 square kilometres and is only 90 km NE of Aberdeen.

The leading prospect identified by Finder on the licence is Whitsun, targeting the same Upper Jurassic reservoir that hosts the nearby Buzzard Oil Field. The Buzzard Field was discovered in 2001 and contains over 1 billion barrels of oil. In addition to the Whitsun prospect, the licence contains a further four prospects and leads and a small oil discovery.

“Finder recently announced its entry into the North Sea and the addition of the P2528 Licence is complimentary with our strategy to secure high-quality exploration acreage close to discoveries and infrastructure. Finder will unlock the exploration potential in this licence using the latest generation 3D seismic reprocessing technologies. In the coming weeks we expect to announce further acquisitions and partnerships as Finder continues to build its North Sea exploration portfolio”, said Damon Neaves, CEO of Finder. 

KeyFacts Energy: Finder Energy UK country profile