Investicijos has received an exploration & production (E&P) licence in the Klaipedos-Silute area of W Lithuania, within the Baltic Basin. The new award was approved on 7 March 2018 and covers 17.5 sq km, located adjacent to the W of Rietavas block, which Investicijos operates and where it acquired 2D and 3D seismic during 2014/15. Chevron was previously a 50% stakeholder in Investicijos but exited in 2014. Three exploration wells were drilled on Rietavas during 2013, including the Silale 5 appraisal well which encountered oil in Cambrian sandstones and was completed as a potential future producer. UAB LL Investicijos is sole licensee for Klaipedos-Silute.<P />
Investicijos has been awarded Klaipedos-Silute E&P licence 