Parkmead has nearly doubled its stake in the Sanda North and Sanda South structures West of Shetland (WoS) offshore the UK. "These two large Palaeocene prospects are both located within Block 205/13. Through this accretive step, Parkmead has increased its equity in the licence from 56 to 100. The Sanda North and Sanda South prospects, which are both operated by Parkmead, have the potential to contain 280m bbl of recoverable oil on a most likely, P50 basis," Parkmead said.
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