Hansa Hydrocarbons has secured two new offshore licences under the Danish seventh licensing round in the North Sea.

The licences 7/16 and 14/16 remain subject to clearance by the Danish Parliament.

Covering an area of 306.4km² down to a depth of 1,700m, the licence 7/16 is situated next to the German median line to the south and has a term of six years.

The company can decide to drill or drop at the end of the third year.

"The term is for six years and a decision can be taken at the end of the second year to either acquire a new 3D seismic survey or to drill an exploration well."

Hansa’s work programme will comprise reprocessing existing 3D seismic data, combined with AVO and inversion studies in addition to de-risking the identified prospectivity before commencing drilling.

The company will operate the licence with a 50% interest and the remaining partners would be Edison International (30%) and Nordsøfonden (20%).

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By GlobalData

Located on the northernmost margin of the Southern Permian Basin, Licence 14/16 covers an area of 284.9km².

The term is for six years and a decision can be taken at the end of the second year to either acquire a new 3D seismic survey or to drill an exploration well.

The work programme consists of reprocessing existing 3D seismic data to improve the structural definition before deciding to enter the next phase of the licence.

Partners in the licence are Hansa (32%), Edison International (48%, operator) and Nordsøfonden (20%).

Hansa Hydrocarbon CEO John Martin said: "The awards are the result of some considerable effort in regional work and once again demonstrate how a small technically focused company can be successful in leveraging knowledge across borders.

"Furthermore, we are delighted to be partnering with Edison and Nordsøfonden for the first time and look forward to working together to mature the prospectivity on these high potential exploration licences."