Siccar Point Energy farms out Lyon prospect


ABERDEEN -- Siccar Point Energy E&P Limited (SPE) is pleased to announce that it has entered into a farmout agreement with Ineos UK SNS Limited (Ineos) covering two exploration licences (P.1854 and P.1935) in the West of Shetlands area, containing the significant Lyon prospect.

Completion of the transaction remains subject to customary regulatory consents.

Siccar Point Energy’s CEO Jonathan Roger commented, “As license operator we are excited to be moving forward in conjunction with Ineos to drill the Lyon prospect. This represents an opportunity to unlock the material gas potential of the most northerly licensed area of the UKCS. We look forward to working with Ineos in this new exploration partnership and to operating our first exploration well.”

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