Ineos UK SNS Ltd. has agreed to farm in to two exploratory licenses in the West of Shetland area off the UK that include a large natural gas prospect called Lyon.
It will acquire two-thirds interests in Licenses P1854, covering blocks 208/1b, 208/2, 208/3b, 217/27b, and 217/28b; and P1935, covering Blocks 217/22a, 217/23a, and 217/24a from Siccar Point Energy E&P Ltd., Aberdeen.
Siccar Point retains one-third interests in the licenses.
Ineos said the farmin complements interests it acquired in the area and elsewhere off the UK and Norway from DONG Energy AS earlier this year (OGJ Online, May 24, 2017).
