LONDON – Jersey Oil & Gas and co-venturer CIECO Exploration and Production are seeking farm-in partners for license P.2170, blocks 20/5b and 21/1d (Cortina) in the UK central North Sea.
This was awarded under the UK’s 28th offshore licensing round, having fulfilled the license obligations and completed planned technical studies.
The partners have identified two large medium-risk oil prospects with possible in-place volumes of 300 and 212 MMbbl, analogous to the adjacent Tweedsmuir fields, with nearby infrastructure.
Prospectivity has been confirmed following geological and geophysical analysis, including stratigraphic re-interpretation of 12 key wells and a petroleum charge study.
The location is on the western end of the North Buchan Graben in water depths of 100-128 m (328-420 ft).
Jersey has relinquished its interest in license P.1610, covering block 13/23a in the UK North Sea.
The block includes the Liberator prospect. It cited onerous license fees as the reason for its withdrawal.
The company and its partners have also decided to relinquish license P.1666, block 30/11c, containing the recent Romeo discovery, and license P.1889, following drilling last year of the Niobe-Kratos well (12/27-4).
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