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