License portfolio

A balanced mix of infrastructure-led growth and high-impact exploration potential

Building a strong exploration portfolio to drive strategic growth. We focus on premium acreage in prolific basins with a clear path to commerciality.

13

Total licenses

1

Operatorship

28%

Avg. Interest

PL Number Interest Operator Granted
Attractive Acreage & Infrastructure

High-potential exploration licenses, primarily located in the prolific Northern North Sea in close proximity to existing infrastructure.
Near-Term Drilling & Maturation

Upcoming Blåmann 2 exploration well (PL 1168) in the Barents Sea (2027). We continue the active maturation of key prospects to ensure a robust and consistent drilling pipeline.
Operatorship & APA 2025 award

Secured Concedo’s first operatorship with PL 1292, while further strengthening our North Sea position through the addition of the non-operated PL 1288 license.
Growth Potential through further exploration

Continuous evaluation of open acreage and strategic farm-in opportunities to drive portfolio value.