Exploration

Exploration Operated

Point Resources’ exploration strategy focuses on near field opportunities in core areas of the North Sea and Norwegian Sea, as illustrated in our Exploration Operated Map below.

The company is working to identify value potential in and around existing producing fields and infrastructure leading to fast track tie-in developments.

Point Resources is operator of three exploration licenses that are subject to evaluation for exploration activities. Future exploration initiatives on operated, producing fields such as Balder and Ringhorne are currently also being considered.

Through a high quality and risk-balanced exploration program, Point Resources’ number one priority is to deliver reserve replacement in mentioned core areas. High potential opportunities also have high priority in allocating financial resources to support exploration activities.

As operator, Point Resources will continue to seek opportunities in upcoming License Rounds and in future Awards in Pre-defined Areas (APA).

Exploration Non-Operated

Point Resources’ exploration strategy focuses on near field opportunities in core areas of the North Sea and the Norwegian Sea. The company is working to identify value potential in and around existing producing fields and infrastructure leading to fast track tie-in developments.   

The company has ownership interests in several discoveries made on the NCS in recent years:

The discoveries are at various stages in the planning process and are expected to be in production within three to four years. 

As partner, Point Resources will continue to seek opportunities in upcoming license rounds and in future Awards in Pre-defined Areas (APA). The company has ownership interests in many non-operated exploration licenses, as illustrated in our Exploration Non-operated Map below.