Greater Laggan Area wins life extension with new oil and gas licences
Kistos said the licensing would "extend the life of existing infrastructure and maximise economic output".
Kistos said the licensing would "extend the life of existing infrastructure and maximise economic output".
Independent North Sea operator Kistos (AIM:KIST) has agreed to purchase two onshore gas storage sites from EDF Energy for £25 million.
TotalEnergies is weighing up its projects for FID (final investment decision) in the West of Shetland, but the uncertain fiscal regime in the UK may have an impact.
Kistos has completed its acquisition of Mime Petroleum, in a move signalling its entrance into the Norwegian market and a bump in resources.
French supermajor TotalEnergies (LON: TTE) has begun drilling a hotly anticipated exploration well West of Shetland.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Serica Energy (LON: SQZ) has knocked back a proposed merger by North Sea counterpart Kistos Energy (LON: KIST).
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).