Parkmead nets six UK offshore licenses

Offshore staff

ABERDEEN, UKParkmead has issued details of its six license awards under the UK’s 28th Seaward Licensing Round.

Three are near the company’s Greater Perth Dolphin Lowlander hub project in the central North Sea, and include interests in five blocks.

Blocks 20/3c and 20/4a (Parkmead operator) are in the Outer Moray Firth basin, 20 km (12.4 mi) east of the Buzzard field complex. The blocks contain two Buzzard sandstone discoveries, Polecat and Marten, which could be tied into the hub development.

Polecat was discovered in 2005 and appraised in 2010 with a well that flow tested at 4,373 b/d of oil. Marten was discovered in 1984. The well encountered three oil-bearing sandstones of Upper Buzzard age.

In addition, the blocks also contain Badger, a Buzzard sandstone prospect north of Polecat that could swell the existing reserves base within the license.

Block 14/25 (Parkmead operator) is adjacent to the company’s Perth field. Detailed mapping and seismic interpretation indicates an extension to the field named Perth West, while an additional prospect has been identified at lower Cretaceous Scapa level.

Blocks 15/11 and 15/16f (Parkmead operator) are on the northern margin of the prolific Witch Ground Graben, 12 km (7.4 mi) north of Perth and near the producing Tartan and Piper oil fields. Two prospects, Fynn and Penny, have been identified on the blocks in the Upper Jurassic Piper formation.

Central UK North Sea block 30/17e (Parkmead operator) adjoins blocks containing the Skerryvore structure in the Central Graben area. This comprises two stacked prospects at Palaeocene and Chalk level in the immediate area associated with a Zechstein salt diapir.

The Skerryvore Palaeocene prospect is thought to be a southerly extension of the Talbot oil discovery to the north, while the deeper Skerryvore Chalk prospect, which could extend into 30/17e, shows a similar seismic response to the nearby Cawdor discovery.

Skerryvore, due to be drilled in 2015, could hold up to 122 MMbbl of recoverable oil.

Block 16/22c (Parkmead operator) is on the Fladen Ground Spur in the central UK North Sea, 10 km (6.2 mi) northeast of the Britannia and Alba fields. Two prospects have been identified on the block, with one at Palaeocene level overlying the other at Devonian level.

Parkmead gained one new operated license in the southern UK North Sea comprising blocks 42/19 and 42/20b, adjacent to the company’s existing acreage that contains the Farne prospect, and which appears to extend into the new license.

Additionally, the company is waiting on the outcome of applications for more licenses in the southern gas basin and west of Shetland.

11/11/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...