Azinor Catalyst is pleased to announce the offer of 6 exploration licences through the UK 28th Offshore Round

HAMILTON, Bermuda – Monday, November 10, 2014:     

AziNor Catalyst Ltd. (“AziNor”), the Seacrest Group-backed E&P company focused on the North Sea and Northern Atlantic Margin, is pleased to announce that it has been awarded six traditional licences, two as an operator and four as a non-operated partner, on the UK Continental Shelf as part of the UK’s 28th licensing round.

 

Blocks 20/8 & 20/9 ‘Inner Pear’ Azinor Catalyst 100% (Operator)



Blocks 9/11e & 9/16 ‘Irresistible’ Azinor Catalyst 100% (Operator)



Block  15/29e ‘Five Star’ Azinor Catalyst 49%
MOL Energy 51% (Operator)



Block 16/8c ‘Boaz’ Azinor Catalyst 49%
MOL Energy 51% (Operator)



Block  16/24c ‘Burnt Island’ Azinor Catalyst 49%
MOL Energy 51% (Operator)



Block 21/25c ‘Hinson’ Azinor Catalyst 49%
MOL Energy 51% (Operator)

All offered licences have Drill or Drop well obligations and are located in the Central and Northern UK North Sea. The company has focused on its strategic play knowledge and capabilities.  It will seek to further define and de-risk these latest licence additions to its current UK portfolio of assets through quantified and technology driven exploration.

Additional acreage has been applied for and is currently pending Environmental Assessment.

 

Nick Terrell, Executive Director of Azinor Catalyst, commented:

We are extremely pleased to have secured a number of highly prospective licences in the UKCS, both as operator and as a partner with MOL Energy. We look forward to working with our industry partners in order to technically mature these licences and progress to the exploratory drilling phase. Furthermore, we have qualified as an operator, an endorsement of Azinor Catalyst’s in-house capabilities, financial strength and commitment to the safety of our people and the environment in which we operate. This status will no doubt open up additional opportunities in the region and we look forward to continuing to build scope, scale and value in our UK asset portfolio.

Contacts:

AzNor Petroleum www.azinorcatalyst.com
Daniel McKeown +1 (441) 537 2073
 
Vigo Communications
Patrick d’Ancona +44 (0)20 7016 9570
Chris McMahon

 

AziNor is a Seacrest Capital Group backed E&P company, focused on the North Sea and North Atlantic Margin.

Seacrest Capital Group is a leading energy investor specialising in offshore exploration, leveraging its proprietary assets and relationships to build a diversified, global portfolio of regionally focused oil and gas exploration companies. Since 2011, Seacrest Capital Group has created and invested in a number of successful exploration companies in the United Kingdom and Norwegian North Sea, West Africa, Ireland, South East Asia and Latin America.