Cross was awarded to Ping Petroleum UK Limited in the UK Government’s 30th offshore licensing round and are located in the Outer Moray Firth area of the Central North Sea. Block Cross contains an oil discovery in the Paleocene Forties Sandstone. The undeveloped discovery is supported by 3D seismic and state of the art seismic inversion which has been proven very effective in exploration and field development efforts in this area. This discovery is proximal to nearby infrastructure at Piper and Saltire Field and could be tied back to existing infrastructure in the area. This block adds undeveloped resources to Ping’s existing portfolio in the United Kingdom in a proven North Sea reservoir, using state of the art technology in an area with established infrastructure.
|Ping Petroleum Interest||100%|
|Location||Central North Sea, UK|
|Operator||Ping Petroleum UK Limited|