License portfolio

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

Building a strong exploration portfolio driving strategic growth. Focusing 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. Close proximity to existing infrastructure.
Near-Term Drilling & Maturation

Upcoming Blåmann 2 exploration well (PL 1168) in the Barents Sea (2027). Active maturation of key candidates to maintain a robust drilling pipeline.
Operatorship & APA 2025 award

Awarded Concedo’s first operatorship (PL 1292). Strengthening North Sea position with 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.