Press Releases

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

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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. 

 
 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