Oil and gas independent Trap Oil said yesterday
it had agreed a deal with Taqa Bratani and Japanese Cieco UK to collaborate during the UK’s next North Sea licensing round.
Trap chief executive Mark Groves-Gidney added: “The formation of a strong and ambitious consortium with our new partners . . . will allow us to identify prospects for joint exploration and appraisal applications.”
The firm also said it had bought an additional 85% in the Surprise and Nutmeg oil discoveries from Dana Petroleum for an undisclosed sum.
Trap now holds 90% of the assets, along with First Oil Exploration 5% and First Oil Expro 5%. Trap is the operator.
Mr Groves-Gidney said Trap was looking for partners for a four-well appraisal programme and had an active exploration programme planned for 2014/15.
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