Holt Energy Advisors

Project Summary

Block 15 contains a mix of appraisal/development and low-risk exploration prospectivity covering an area of 1,400 Km2 in the North Oman Basin. The licence is covered with pre-existing 2D data as well as more recently acquired 3D surveys. The Ataya discovery was originally drilled in 2017 and Odin Energy now wishes to re-enter the Ataya-1 well and sidetrack the well towards the crest of the structure and the development could recover 2 mmbbl of oil from the Naith C formation and further potential from the Naith A. The Ataya area is covered and mapped with very high spec 3D acquired by OXY. The forward work plan is to sidetrack the Ataya-1 well and after acidizing, putting the well on a long-term test to consider how to optimise the development of the full structure.

Also on the block are the Thimar and Prospect-8 exploration targets with prospective resources of 10 and 7 mmbbl respectively which Odin would like to drill in 2021-22.

Odin Energi are seeking a partner(s) to join them in the exploitation of the licence which is expected to yield long term term production from the Ataya development and material upside from the exploration potential on the block.