Viaro noted that the discovery is characterised by an amplitude anomaly, suggesting the presence of thicker and higher-quality reservoir sands. Credit: James Jones Jr/Shutterstock.

Viaro Energy has solidified its position in the North Sea oil and gas sector by acquiring a 100% stake in licence P.2593 in the West of Shetland.

This strategic acquisition, through Viaro’s wholly owned subsidiary RockRose Energy, places the licence adjacent to RockRose’s current producing assets and infrastructure.

Licence P.2593 encompasses the Tuck discovery, a Cretaceous gas-bearing reservoir located on the north-west flank of the Rona Ridge.

The discovery is characterised by an amplitude anomaly, suggesting the presence of thicker and higher-quality reservoir sands, Viaro noted.

These geological features extend up dip and along strike from the initial discovery well, indicating an opportunity for resource development, it added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Offshore Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This addition to Viaro’s portfolio could represent a considerable untapped resource, with the company now assessing the most beneficial avenues to advance these prospects to the development stage.

Viaro Energy CEO Francesco Mazzagatti said: “The West of Shetland continues to be a strategic hub for exploration opportunities, and the Tuck discovery could hold considerable resources.

“The licence’s proximity to our existing assets in the Greater Laggan Area offers important potential for extending the life of the infrastructure, including the Shetland Gas Plant.

“The work programme will also focus on exploring electrification and other technological innovations to reduce emissions in the area.”

In December 2023, RockRose Energy inked a deal with EnQuest to purchase a 15% interest in the Bressay field, along with the EnQuest Producer floating production storage and offloading unit.

Bressay stands out as one of the largest undeveloped oil fields on the UK Continental Shelf, boasting more than 115 million barrels of net 2C reserves.

The field’s potential is estimated at around 200 million barrels of oil equivalent, making it a significant asset in the region’s energy landscape.

Discovered more than four decades ago in 1978, the Bressay field spans several blocks in the northern North Sea, east of the Shetland Islands.