OPL has entered into a Sale & Purchase Agreement ‘SPA’ with IGas Energy Plc for assets in the mature East Midlands Basin.  These assets bring immediate oil production and reserves to OPL at Long Clawson, Rempstone, Bothamsall, Egmanton and South Leverton oilfields.  OPL believes these mature assets provide opportunity for late field life extension via infill development, behind pipe resources and the application of leading production enhancement and reserve recovery technology.

 

Licence Area km2 Field Name Life Cycle OPL Interest Operator
PL220 13 Long Clawson/Rempstone Producing - Oil 100%** OPL*
ML3 26 Egmanton Producing - Oil 100% OPL*
ML6 11 Bothamsall Producing - Oil 100% OPL*
ML7 11 South Leverton Producing - Oil 100% OPL*

*Subject to OGA approvals

** IGas Energy Plc retain an option to 50% of deep shale exploration