North Sea
We have continued to build and mature our UK North Sea portfolio by accessing low risk exploration and appraisal opportunities through the licensing rounds on ground floor terms. This approach exposes Stratic to exploration returns while taking only appraisal risk. The company currently has interests in 21 blocks and part blocks in the UK and Dutch North Sea (15 and 6 respectively,) including four oil discoveries, one gas discovery and one condensate discovery.
Stratic has been successful in applying for acreage in each of the United Kingdom offshore licensing rounds since 2003. With the benefit of modern seismic and drilling techniques, underpinned by strong oil prices, stranded oil and gas discoveries drilled in the eighties and nineties make increasingly attractive development targets. Stratic combines its technical and commercial skills to unlock these opportunities. |
North Sea Location Map |
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