EXPLORATION

Elixir surrenders North Sea licence

ELIXIR Petroleum and its partners have relinquished Block P.1381 in the North Sea after being unable to secure a farm-in partner to assist with the cost of drilling the Leopard prospect.

The block, which is west of the 400 million barrel Thistle field, was relinquished at the end of its licence term on December 21. Elixir, which was operator and held a 56% interest in the block, was...

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