Total (30%) has exited licence K01c to operator ENGIE as of 24 January 2018. The exploration licence covers 274 sq km and is located 5 km N of the K01-A and K04-A producing gas fields, both operated by Total. ENGIE has until 1 July 2018 to decide if to drill K01c, with drilling operations to be completed by 4 January 2019. K01c was awarded to GDF SUEZ (renamed ENGIE in April 2015) and Total for four years initial period, commencing 2 January 2012. The two companies had submitted a joint application for the acreage in November 2010 and the Ministry of Economic Affairs received no competing bids during the public tender period. Three dry exploration wells have been drilled on the acreage between 1979 and 2006. On 11 May 2017, ENGIE received a binding offer from Neptune Energy to acquire a 70% interest in its E&P division, and is pending completion. K01c licence partners are ENGIE E&P Netherlands BV (60% + Op) and Energie Beheer Nederland (EBN) (40%).
Total (30%) has exited licence K01c to operator ENGIE 