Kistos PLC Expands Offshore UK Presence

Kistos PLC (GB:KIST) has released an update.

Kistos Holdings PLC, in partnership with TotalEnergies, has been awarded seven new offshore blocks in the UK’s Greater Laggan Area, increasing their working interest to 33.3%. This strategic move aims to extend the lifespan of existing infrastructure and maximize economic recovery, including the promising Ballechin exploration prospect. The company continues to strengthen its position in the energy sector, having acquired assets in the Netherlands, the UK, and completed the purchase of Mime Petroleum adding considerable reserves and production capacity.

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