i3 Energy has announced that the North Sea Transition Authority ('NSTA') has extended the Second Term of the P2358 Licence for a period of 18 months, so that it will end on 31st March 2026. The Third Term of the Licence is reduced by the same time-period. The area of the Licence has been reduced to encompass the Serenity field only.
Majid Shafiq, CEO of i3 Energy plc, commented:
'i3 is very pleased that the NSTA has extended the Second Term of the Licence, which will allow the company more time to evaluate development options for the Serenity field.'
Source: i3 Energy
