Viaro set to increase share of Dutch North Sea licence ahead of drilling

Viaro Energy has signed an agreement with NAM to acquire an additional 10% stake in the F5/F4A East licences in the Dutch North Sea.

However, this may come down to 4% if F5A operator Neptune Energy pre-empts the transaction. But assuming no pre-emption, Viaro’s interest in the licenses will be 31.67%.

NAM is now set to approve drilling of the F5-6 exploration well, targeting 98 bcf in the F5-A shallow gas Tertiary Pleistocene prospect and likely to spud in November.

The prospect is thought to be analogous to the AB Unit gas fields in which Viaro has a 14.6% equity interest.

State-owned EBN is the other partner.

Viaro entered the Netherlands in 2018 through the acquisition of Dyas. Its main offshore assets are non-operated interests in the A&B blocks, the K4b-K5a area, the Hanze oil field, the Rijn field, the P&Q blocks and the Markham Area.

Source: Offshore Magazine