TORSHAVN, Faroe Islands – The joint operating committee for licenses P.1606 and P.1607 in the UK northern North Sea has chosen Atlantic Petroleum as the new operator in place of Iona Energy.
The decision remains subject to any necessary approval by Britain’s Oil and Gas Authority.
The licenses contain the proposed Orlando and Kells tiebacks to the Canadian Natural-operated Ninian complex. Progress has slowed due to the financial difficulties of the partners, with Iona having entered administration.
Ben Arabo, CEO of Atlantic, said: “The Orlando development and Kells are very important assets for Atlantic Petroleum and we will be working closely with the authorities, license partner and all stakeholders on the way forward on the assets.”