- Saltfleetby (PEDL005): Production licence extended to 3 April 2037, providing long-term licence certainty for the Company's key gas-producing asset.
- Brockham (PL235): Production licence extended to 27 October 2035, supporting the Company's continued plans for the field.
- Regulatory approvals secured: Both extensions have been formalised through Deeds of Variation with the NSTA following submission of the respective Field Development Plan Addendums ("FDPAs")
Angus Energy has announced that the North Sea Transition Authority ('NSTA') has approved extensions to the production licences covering the Saltfleetby gas field and Brockham field.
Saltfleetby Gas Field – PEDL005
The Company confirms that the co-licensees of PEDL005 and the NSTA have executed a Deed of Variation extending the licence until 3 April 2037. The extension provides long-term regulatory certainty and continuity for production operations at the Saltfleetby gas field.
Brockham Field – PL235
The Company also confirms that the co-licensees of PL235 and the NSTA have executed a Deed of Variation extending the licence until 27 October 2035. The extension provides continued licence tenure for the Brockham field.
Ross Pearson, Chief Operating Officer, commented:
'These licence extensions provide long-term certainty for both assets and support our strategy of organic growth across our UK onshore portfolio. With a workover at Brockham planned for later this month and preparations for drilling a new well at Saltfleetby progressing well, we remain focused on unlocking further value from our existing assets.'
Source: Angus Energy
