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Northern Petroleum Plc

Northern Petroleum Plc is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.

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All Licences

Licence: Guyane


Licence



Interest*



Operator


Offshore - Exploration


Guyane EEL 1.25% Tullow Oil

* Northern owns a 50% equity interest in Northpet Investments Limited,
a company which has a 2.5% interest in the Guyane licence.


Licences: Italy


Licence



Category



Area



Interest



Operator


Onshore - Exploration
Savio Award Po Valley      80.00%       Northern
Longastrino Award Po Valley    30.00%*       Northern
Cascina
Alberto
Application Po Valley    100.00%       Northern
La Sacca  Award Po Valley    100.00%       Northern
Punta Marina Preliminary award Po Valley    100.00%       Northern

Offshore - Exploration


C.R146.NP†† Award Sicily Channel    100.00%       Northern
C.R147.NP†† Award Sicily Channel    100.00%       Northern
d347C.R-.NP Application Sicily Channel    100.00%       Northern
G.R17.NP Award Sicily Channel      45.00%**      Shell
G.R18.NP Award Sicily Channel      45.00%**      Shell
G.R19.NP Award Sicily Channel      45.00%**      Shell
d21G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
G.R20.NP Award Sicily Channel       30.00%**      Shell
G.R21.NP Award Sicily Channel       30.00%**      Shell
G.R22.NP Award Sicily Channel       30.00%**      Shell
F.R.39.NP Award Southern Adriatic     100.00%      Northern
F.R.40.NP Award Southern Adriatic     100.00%      Northern
d59F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d60F.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d61F.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d149D.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d351C.R-.NP†† Preliminary award Sicily Channel     100.00%      Northern
d63F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d64F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d25G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
d26G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
d65F.R-.NP Application Southern Adriatic     100.00%      Northern
d66F.R-.NP Application Southern Adriatic     100.00%      Northern
d30G.R-.NP Application Sicily Channel     100.00%      Northern
d71F.R-.NP Application Southern Adriatic     100.00%      Northern
d72F.R-.NP Application Southern Adriatic     100.00%      Northern

d29G.R-.NP

Application

Sicily Channel

     50.00%

     Northern

d75F.R-.NP Application† Ionian Sea

  
    100.00%

     Northern
d77F.R-.NP Application Ionian Sea

   
    100.00%

     Northern
d78F.R-.NP Application† Ionian Sea


    100.00%

     Northern
d362C.R-.NP Application† Sicily Channel     100.00%     Northern
d358C.R-.EL Application Sicily Channel      50.00%    Petroceltic

* Assuming farmin option by Avobone Italy is exercised.
**Assuming farmin obligations by Shell Italia are met.

†Application subject to competition.
††After briefing from UNMIG (Ufficio Nazionale Minerario per gli Idrocarburi e la Geotermia), as far as Northern is aware, the boundaries of these licences/applications (CR146, CR147 & d351) are not subject to the current dispute between Italian and Maltese authorities.
 


Licences: Netherlands


Licence

Status

Interest

Operator
Onshore – Exploration
Engelen Licence 60.00% Northern
Oosterwolde Licence 60.00% Northern
Utrecht Licence 60.00% Northern
Andel III (Nieuwendijk) Licence 22.50% Northern
Drenthe III (Tiendeveen & Lhee) Licence 22.50%* Northern

Onshore – Production/Development
Papekop Licence 45.00% Northern
Drenthe III (Geesbrug) Licence 45.00%** Northern
Drenthe IV (Grolloo) Licence 45.00%** Northern
Andel III (Brakel, Ottoland & Wijk en Aalburg) Licence 45.00%** Northern
Waalwijk: Licence   Northern
Waalwijk – North   16.67%  
Waalwijk – South 2   50.00%  
Zuid Friesland III   49.56%^ Northern

Offshore – Production
P12 Licence 23.61% Wintershall

* Assuming farmin obligations to NAM are met.
** NAM has a 50% net profits interest after payback of 130% of Northern’s development costs.
^ Subject to completion of transfer of interests from Dyas to Northern.

Licences: Spain


Licence


Interest


Operator

Onshore – Exploration
Valderredible 1.25%^ Leni Gas & Oil
Huérmeces 1.25%^ Leni Gas & Oil
Basconcillos-H 1.25%^ Leni Gas & Oil

^ This interest represents a gross overriding royalty of 1.25% over all hydrocarbon production from Valderredible, Huérmeces and Basconcillos-H


Licences: United Kingdom


Licence


Interest


Operator

Onshore – Exploration


PEDL 069 5.00% Aurora Exploration
PEDL 098 62.50% Northern
PEDL 125 50.00% Northern
PEDL 126 50.00% Northern
PEDL 155 50.00% Northern
PEDL 233 50.00% Providence
PEDL 240 62.50% Northern
PEDL 256 50.00% Northern

Onshore – Production


PL211 (Horndean Oilfield) 10.00% Star Energy
PEDL 070 5.00% Star Energy