Buchan & J2

Licence: P2498 Blocks 20/5a & 21/1a
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2498 Blocks 20/5a & 21/1a contains the Buchan oil field, the J2 (well 20/5a-10Y) oil discovery, the Buchan Andrew oil discovery and the Capri prospect.

Verbier

Licence: P2170 Blocks 20/5b & 21/1d
Area: North Sea

PartnersCurrent working interest levels %
JOG (Operator)88.0
CIECO12.0

Blocks 20/5b and 21/1d were awarded as a Traditional Licence in the 28th Licencing Round. The blocks lie approximately 100km northeast of Aberdeen, close to the Buchan and Tweedsmuir North and South oilfields and straddle the western end of the North Buchan Trough.

Glenn

Licence: P2499 Block 21/2a (Glenn)
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2499 Blocks 21/2a contains the Glenn oil discovery. The licence is classed as an Initial Term, Phase A with a two (2) year duration to perform technical studies to evaluate further the Glenn oil discovery. The licence working obligations include a Drill or Drop obligation to be elected after two years.

Zermatt

Licence: P2497 Block 20/4c (Zermatt)
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2497 Blocks 20/4c & 21/2a contains the Zermatt and Chamonix prospects and the Courchevel lead. The licence is classed as an Initial Term, Phase A with a two (2) year duration to perform technical studies to evaluate further the exploration potential in Block 20/4c. The licence working obligations include a Drill or Drop obligation to be elected after two years.

Athena

Licence: P1293 Block 14/18b
Area: North Sea

PartnersCurrent working interest levels %
Ithaca (Operator)22.5
Dyas17.5
Parkmead30.0
Spike15.0
*Trap Oil Ltd (JOG)15.0
*Trap Oil Ltd (JOG) has no economic interest in the field

Block 14/18b is located in the North West Witch Ground Graben in the Moray Firth and contains the Athena oil field.

On 21st December 2012 Trapoil completed the acquisition of a 15 per cent. working interest in Athena from Dyas UK Limited.