Egdon Resources has confirmed the transfer of the operation of its Cloughton shale and tight gas licence to Europa Oil & Gas.
The licence, PEDL343, is in the Cleveland Basin, north of Scarborough in North Yorkshire. It includes the Cloughton gasfield, discovered in the carboniferous formation in 1986. The licence is next to the offshore Resolution field in P1929.
PEDL343 was granted in 2016 in the 14th onshore round and was originally operated by Third Energy. At the time, it was described as a shale gas licence.
Approval for the transfer from Egdon to Europa was given by the regulator, the North Sea Transition Authority, yesterday.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.