News

INEOS adds to shale gas licence portfolio

INEOS acquires UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited


INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited, increasing the total acreage held by INEOS under licence to more than 1.2 million acres. The transaction involves minority interests in 15 licences, seven of which INEOS holds an existing interest in. The remaining eight complement the Company’s existing licence interests in Yorkshire, Cheshire and the East Midlands. Three of the licences are operated by INEOS, eight by IGas Energy and four by Cuadrilla. 

INEOS License blocks

 
 Licences acquired (Table)

Licence

Region

Equity acquired

 Equity interests post deal

Operator

EXL 273

Cheshire

25%

INEOS 85%    IGas 15%

INEOS

PEDL 293 *

Cheshire

35%

INEOS 70%    IGas 30%

INEOS

PEDL 295 *

Cheshire

35%

INEOS 70%    IGas 30%

INEOS

PEDL 147

Cheshire

25%

INEOS 75%    IGas 25%

IGas

PEDL 188

Cheshire

25%

INEOS 25%    IGas 75%

IGas

PEDL 189

Cheshire

25%

INEOS 75%    IGas 25%

IGas

EXL 288

East Midlands

25%

INEOS 25%    IGas 75%

IGas

PEDL 012

East Midlands

25%

INEOS 45%    IGas 55%

IGas

PEDL 200

East Midlands

25%

INEOS 45%    IGas 55%

IGas

PEDL 210

East Midlands

25%

INEOS 25%    IGas 75%

IGas

PEDL 146

Yorkshire

25%

INEOS 25%    IGas 75%

IGas

PEDL 287 *

Yorkshire

30%

INEOS 30%    Cuadrilla 70%

Cuadrilla

PEDL 342 *

Yorkshire

30%

INEOS 30%    Cuadrilla 70%

Cuadrilla

PEDL 288 *

Yorkshire

30%

INEOS 30%    Cuadrilla 70%

Cuadrilla

PEDL 346 *

Yorkshire

30%

INEOS 30%    Cuadrilla 70%

Cuadrilla

*14th Licensing Round 

Press Contacts

Richard Longden (INEOS)                                    0041 21 627 7063 or 0041 7996 26123
Andrew McLachlan (Media Zoo)                      020 7384 6980 or 07931 377162
Joseph Wade (Media Zoo)                              020 7284 6980 or 07758 074576
Sareen Gosal (Media Zoo)                              020 7384 6980 or 07522 490587