The value of oil & gas in a broad energy play is greatly enhanced due to the ability to deal with the reality of cash generation in the near term while navigating in the energy transition horizon.
Our East Midlands asset base includes three producing licences and three exploration licences located in Lincolnshire. The producing licences are:
These mature assets provide a platform for continued production, redevelopment and disciplined value enhancement.
At Whisby, production has remained resilient, with Whisby-4 showing no significant decline over the last three years.
At Newton-on-Trent, a 3D seismic survey acquired after the drilling of Newton-1 has been interpreted as indicating further development potential.
