Dana Petroleum is understood to be targeting two mature UK North Sea prospects after securing several blocks in the most recent licensing round.
Aberdeen-headquartered Dana has taken on the operatorship of blocks 42/27, 47/2b and 47/3g in the southern North Sea.
Dana, owned by Korea National Oil Corporation, has a 50% equity stake in the acreage, with the remaining 50% held by Premier Oil.
Energy Voice understands the licence contains two mature prospects known as Earn and Tummel.
They are located next to the Tolmount area, which is co-owned by Premier, as operator, and Dana.
First gas from the main Tolmount field is expected to be delivered in the second quarter of 2021.
Hugh Sloan, new ventures and exploration manager at Dana, said the licence award was “very welcome” and followed “significant technical work” being carried out by his team.
Mr Sloan added: “We look forward to working with our licence partner to review the potential opportunities in these areas.”
Meanwhile, Dana and Premier also took 50% each of blocks 42/28e and 42/29b in the 32nd offshore licensing round.
However, London-listed Premier is the operator of those blocks.
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