Faroe Petroleum has agreed to acquire 100% interest in block 30/14a Edinburgh (P255) from Total. In an announcement from Faroe on 16 January 2019 the company stated that it was in the process of equalising interests in cross border blocks 30/14a, 30/14b and Norway blocks 1/6 and 1/9 in which the cross-border Edinburgh prospect is situated. The prospect sits at the south-eastern end of the prolific Josephine Ridge area. It is a large, tilted Mesozoic fault block and covers an area of 40 sq km. The acreage was previously held by Maersk and acquired by Total via the acquisition of the Danish major. The deal is pending completion.   Edinburgh is thought to be one of the largest remaining undrilled structures in the Central North Sea. The prospective reservoirs include the Upper Jurassic Ula age-equivalent (Freshney and Fulmar) and Triassic Skagerrak formations.   Following completion of the deal and then a subsequent equalling of interests in the block will be held by Faroe Petroleum (45% + operator), Shell (40%) and Spirit Energy (15%).
United Kingdom, P255