LONDON – Britain’s Department of Energy and Climate Change (DECC) has confirmed the award of two traditional licenses in the North Sea to Enegi.
They have been provisionally numbered P2007 and P1974, and cover, respectively, blocks 22/12b and 3/23 (split southern section), with the latter designated block 3/23a.
Enegi has a 100% interest in both concessions.
Work commitments are as follows:
Enegi will initially obtain 250 sq km (96.5 sq mi) of 3D seismic over this block and areas adjacent to the license. Within two years the company will decide whether to drill one well to penetrate the Palaeocene Forties sandstone member or hand the license back to DECC.
If the company decides to drill, it would be given a further two years in order to take the license into the next phase, probably lasting a further four years.
Initially Enegi will obtain 100 sq km (38.6 sq mi) of 3D seismic and conduct a quantitative interpretation to better define a potential seismic amplitude anomaly identified prior to the license application.
Again, there is a drill or drop decision within two years concerning the Palaeocene Malvolio sandstone, with similar extension terms.