Assets: Avalon

Balanced portfolio of producing, appraisal and exploration licences in the UK North Sea.


The Avalon prospect was successfully drilled in 2014 where oil was discovered from high quality Tertiary sands. In 2017 an appraisal well was drilled on the prospect which confirmed reserves and fluid characteristics. Operatorship was transferred to Ping Petroleum UK Limited in April 2018.

Key Facts

Block 21/6b
Ping Petroleum Interest 50%
Status Undeveloped Discover
Location UK Central North Sea
Operator Ping Petroleum UK limited
Ping Petroleum UK Limited 50%
Summit Exploration and Production Limited 50%