Nautical Petroleum acquires 25% interest in UK North Sea block

Nautical Petroleum plc has entered into an agreement with First Oil Expro Ltd to acquire 25% WI in P1756 (Block 3/27a), UK North Sea. First Oil holds 100% operated WI in the block. Continue reading here..

EnQuest increases stake in Kraken discovery

EnQuest Plc has signed an agreement with Nautical Petroleum Plc to acquire 25% interest in Blocks 9/2b and 9/2c which includes the Kraken heavy oil discovery, UK North Sea. Continue reading..