OPL has entered into a Sale & Purchase Agreement ‘SPA’ with IGas Energy Plc for a 50% interest in the Lybster oil and gas field.  The shut-in Lybster field provides an opportunity to realise immediate oil production with significant gas monetisation upside potential.

Licence Area km2 Field Name Life Cycle OPL Interest Operator
P1270 16 Lybster Oil/Gas Development 50% OPL*
PEDL158 46 Lybster Oil/Gas Development 50% OPL*

*Subject to OGA approvals