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INEOS Adds to Shale Gas Licence Portfolio

Source: www.gulfoilandgas.com 3/9/2017, Location: Europe

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INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited, increasing the total acreage held by INEOS under licence to more than 1.2 million acres. The transaction involves minority interests in 15 licences, seven of which INEOS holds an existing interest in. The remaining eight complement the Company’s existing licence interests in Yorkshire, Cheshire and the East Midlands. Three of the licences are operated by INEOS, eight by IGas Energy and four by Cuadrilla.

The licences acquired are as follows:-

- EXL 273 Licence in Cheshire region: INEOS 85% (Operator); and IGas 15% with 25% equity acquired
- PEDL 293 * Licence in Cheshire region: INEOS 70% (Operator); and IGas 30% with 35% equity acquired
- PEDL 295 * Licence in Cheshire region: INEOS 70% (Operator); and IGas 30% with 35% equity acquired
- PEDL 147 Licence in Cheshire region: INEOS 75%; and IGas 2% (Operator) with 25% equity acquired
- PEDL 188 Licence in Cheshire region: INEOS 25%; and IGas 75% (Operator) with 25% equity acquired
- PEDL 189 Licence in Cheshire region: INEOS 75%; and IGas 25% (Operator) with 25% equity acquired
- EXL 288 Licence in East Midlands region: INEOS 25%; and IGas 75% (Operator) with 25% equity acquired
- PEDL 012 Licence in East Midlands region: INEOS 45%; and IGas 55% (Operator) with 25% equity acquired
- PEDL 200 Licence in East Midlands region: INEOS 45%; and IGas 55% (Operator) with 25% equity acquired
- PEDL 210 Licence in Yorkshire region: INEOS 25%; and IGas 75% (Operator) with 25% equity acquired
- PEDL 146 Licence in Yorkshire region: INEOS 25%; and IGas 75% (Operator); with 25% equity acquired
- PEDL 287 * Licence in Yorkshire region: INEOS 30%; and Cuadrilla 70% (Operator) with 30% equity acquired
- PEDL 342 * Licence in Yorkshire region: INEOS 30%; and Cuadrilla 70% (Operator) with 30% equity acquired
- PEDL 288 * Licence in Yorkshire region: INEOS 30%; and Cuadrilla 70% (Operator) with 30% equity acquired
- PEDL 346 * Licence in Yorkshire region: INEOS 30%; and Cuadrilla 70% (Operator) with 30% equity acquired

*14th Licensing Round

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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