Oil & Gas Assets
We have focused on developing a portfolio of high quality exploration and appraisal opportunities which are located near producing fields and close to new or planned infrastructure. New play concepts and technological improvements in both seismic imaging and well completion strategies combined with access to infrastructure significantly increases the potential of converting exploration success into hydrocarbon production.
The Company has a footprint in the proven producing basin of the Southern North Sea gas basin. With a significant prospect inventory including an independently assessed 1.9 TCF of Prospective Resources (P50) in our Southern North Sea licences. The Company is well placed to take advantage of the lower cost operating environment which is likely to persist in the UKCS over the next few years.
Cluff Natural Resources is continually screening other potential hydrocarbon opportunities in the UKCS and further afield. To date the focus has been on organic growth through participation in licensing rounds however, the current low oil price environment is presenting a number of opportunities to participate in high quality assets with very favourable commercial terms.