P2170 Project

Oct. 9, 2017

In December 2014, CIECO E&P UK was awarded one traditional license in the Central North Sea (License P2170, Blocks 20/5b and 21/1d) in the 28th Seaward Licensing Round. The partner was Jersey Oil & Gas (Operator), who had a working interest of 60% and CIECO E&P UK 40%. In August 2016, Statoil has joined as operator with interest of 70%. The equity ownership of Jersey Oil & Gas and CIECO E&P UK become 18% and 12% respectively. Verbier prospect in P2170 has drilled in summer 2017 and discovered oil. An evaluation of drilling results is carried out.