Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:
“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”
More information available here .
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Notes to Editors
- Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
- Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / [email protected]