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Revus Energy (OSL:REVUS) Revus Energy E&P Limited (a wholly owned subsidiary of Revus Energy ASA) has been offered for award, six North Sea licences in the UK 25th offshore Licensing Round. The overall work programme attached to the offer includes five firm wells. The award marks a step-change in Revus Energy's UKCS position.
In total, a net risked resource potential exceeding 70 mmboe net to Revus Energy has been estimated from currently available data for all these licences.
Harald Vabø, CEO of Revus Energy, commented; "This is an excellent award, marking a step-change in our UKCS position. In particular, the Orlando discovery provides the potential for fast track development, whilst our participation in the low risk Crathes prospect greatly enhances our chances of commercialising the adjacent Scolty discovery in which we have a 50 per cent working interest."
Two of the licences awarded will be operated by Revus Energy.
"We are particularly excited to have been awarded an operatorship in which we will drill our first UKCS operated well. In summary, these awards strengthen our position as a significant player in the UK North Sea sector with a drilling programme that provides excellent prospects for growing our hydrocarbon reserve base in the coming years," adds Vabø.
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