Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round.
The Licence, named P2511, covers an area of 340 square kilometres and is located 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 meters. It is situated near the UK/Norwegian border where several significant discoveries were recently made.
The Licence has an Initial Exploration Term of six years. Eni UK will assume the role of operator with a 100 per cent participating interest.
Through the Licence participation, Eni said it renews its commitment to the valorisation of resources in the UK sector of the North Sea where the company has been operating for over 50 years.