Following Chrysaor’s buy of ConocoPhillips UK’s oil and gas business back in April, the company decided to acquire stakes in several UK North Sea licenses from Apache. These licenses contain important exploration prospects.
Chrysaor now owns 39.5% of non-operated stakes in four new licences, and an increased interest in a fifth licence. The licences, located in the Beryl area, do not include any producing assets.
Chrysaor affirms that the partnership with Apache will help facilitate fast-track developments of future discoveries through tie-backs to the Beryl Alpha platform.