Kistos today announced that TotalEnergies, together with Kistos as joint venture partners, has been offered seven new blocks or part blocks in the Greater Laggan Area, West of Shetlands offshore the UK. On completion of the licencing round, Kistos will hold a 33.3% working interest in all of the acreage, with TotalEnergies assuming Operator status.

The blocks lie within the Greater Laggan Area ("GLA"), where the JV Partners already produce oil and gas from the Laggan, Tormore, Glenlivet, and Edradour fields. The blocks were applied for during the 33rd Offshore licencing round, with submissions made in January 2023, and were previously held by the GLA JV prior to Kistos' acquisition of 20% non-operated stake from TotalEnergies in 2022.

The award of these blocks, which include the previously identified Ballechin exploration prospect, supports the JV Partners' efforts to identify opportunities to extend the life of existing infrastructure and maximise economic output. The work programme includes studies on a seismic dataset that is already owned by the JV Partners.

KeyFacts Energy: Licensing news   l   KeyFacts Energy: Kistos UK country profile

If you would like to discover more about KeyFacts Energy, contact us today and we can arrange a 15-minute online meeting to review our database of over 2,600 continually updated 'country-specific' oil and gas and renewable energy profiles from a selection of 144 countries. Find out how you can instantly identify companies with operational activity in your chosen country, 'fine-tune' your news or company selection based on industry category, energy type or regional location and additionally benefit from one to one contact with us to ensure maximum online and social media exposure for your company.