On 1 July 2019 MOL completed the acquisition of a 16% interest from Cairn subsidiary Nautical Petroleum and a 4% interest acquisition from Premier in licences P2070 and P2454. The acreage contains the Laverda discovery and Catcher North accumulation which is planned for development via single well tie-backs to Varadero. Drilling is scheduled to commence in 2020 with first oil targeted for early 2021. As part of the work Premier will also drill an infill well on its Varadero field to target resources out of reach of existing production wells, prior to drilling the Catcher North and Laverda development wells. The company will also shoot a 4D survey across the Catcher Area in Q2 2020 to confirm future infill well locations.   The Catcher Area Development comprises three fields: Catcher, Varadero and Burgman tied back to the BW Catcher Production Storage and Offloading (FPSO). From the FPSO the oil is shuttled by tanker and gas is exported via the gas pipeline tied to the Fulmar A to St Fergus gas Pipeline. Laverda is part of the Catcher Area Development expansion along with Catcher North.   Following completion of the deal interest in P2070 and P2454 is held by Premier Oil UK Limited (5% + operator), Cairn subsidiary Nautical Petroleum Limited (20%), Molgrowest (I) Ltd (20%) and ONE-Dyas E&P Limited (10%).
MOL completed the acquisition of a 16% interest from Cairn subsidiary Nautical Petroleum and a 4% interest acquisition from Premier in licences P2070 and P2454. The acreage contains the Laverda discovery and Catcher North accumulation