UK OGA issues nine exploration and development licences to Egdon Resources

The UK Oil & Gas Authority (OGA) has issued nine new petroleum exploration and development licences (PEDLs) to Egdon Resources as part of the 14th Onshore Oil and Gas Licensing Round.

The new licences cover 18 UK National Grid blocks and part blocks with a total area of approximately 1,141km².

Originally offered in two tranches last year, the PEDLs are located in the East Midlands Petroleum Province and the Cleveland Basin.

Egdon said they will expand the company’s acreage, as well as opportunity base within these two core areas and offer a mix of new conventional and unconventional resource opportunities.

Licences PEDL273, PEDL305 and PEDL316 are located in East Midlands, Gainsborough Trough and licences PEDL334, PEDL339 are in East Midlands, Humber Basin.

PEDL306 is offered in East Midlands, Widmerpool Basin, while PEDL259, PEDL343 and PEDL258 are in Cleveland Basin.

Egdon Resources managing director Mark Abbott said: “We are pleased to be formally issued with these new licences that were initially offered to the company in August and December 2015.

“The award of the licences strengthens Egdon’s position in two of our core areas, the East Midlands and Cleveland Basins, and we can now look forward to progressing with the detailed evaluation of the blocks.”