On 3 September 2020, the Oil and Gas Authority (OGA) announced the preliminary results of the UK 32nd Licensing Round. Chrysaor was awarded a total of 14 licences, nine as operator and five as nonoperator.

113 licences were offered to 43 operators (65 applicants in total), covering 259 blocks or part-blocks thereof.

Commenting on the award, Phil Kirk, CEO of Chrysaor said: “We have secured quality acreage around our existing infrastructure, enabling our teams to fully evaluate the remaining potential in the area and to assess the impact of any future exploration opportunities. This is a great result for us that fits well with our strategy of creating superior value through core area, infrastructure-led exploration and building a high-graded portfolio to sustain longer-term growth.”

About Chrysaor

Chrysaor is a privately held company established in 2007 and focused on developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.
Chrysaor is also working with the wider industry to ensure it is consistent with the necessary transition to a low carbon economy. As part of this, Chrysaor is investing in the Acorn CCS project alongside partners in industry and government.