Faroe Petroleum announced on 16 January 2019 that due to the award of two new Norwegian licences from the recent APA round, blocks 1/6 and 1/9, as a result the company is in the process of equalizing interests in two UK blocks â 30/14a and 30/14b which collectively host the cross-border Edinburgh prospect. Following the acquisition of block 30/14a from Total (pending completion) and the award of new 30th round licence P2401 which contains block 30/14b Shell and Spirit Energy will farm-in to the UK acreage to equalise interest between the UK and new Norwegian awards. Completion of this is pending regulatory consent.  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. 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.   Following completion interests in the blocks will be held by Faroe Petroleum (45% + operator), Shell (40%) and Spirit Energy (15%).
United Kingdom, P2401