Trapoil Secures Two New North Sea Licences

The HeraldJanuary 07, 2012

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Summary


OIL and gas firm Trapoil has won two more North Sea licences as well as outlining a busy drilling programme for 2012.

It has secured a 10% stake in the Niobe site in the Inner Moray Firth but is "very likely" to take up an option to acquire a further 20%.

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Trapoil Secures Two New North Sea Licences

Niobe is estimated to have up to 51 million barrels of oil.

Al...

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