San Leon subsidiary Oculis Energy has expanded a concession for oil and gas reconnaissance and exploration, as well as its mining usufruct agreement, after submitting an application to the Polish Government.
San Leon expanded the Gdansk W Concession by 114.6km² to 894.41km² in the Baltic Basin in northern Poland.
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The concession is located across licence blocks 48 and 49 with San Leon holding a 100% interest in the concession.
Valid for up to five years, the concession has a work programme including geological studies, 280km 2D seismic acquisition and a one well drilling obligation, as well as an optional 3D seismic survey and an additional two wells.
The expansion increases the total area of the farm-out agreement with Talisman Energy.
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By GlobalData
