UKCS - P2352 - Dewar
Project Summary
The Dewar prospect is a part structural, part stratigraphic AVO supported prospect formed when Forties aged mass flow deposits remobilised from the Marnock high and cut down into unconsolidated hemipelagic sediments laid down in the depositional shadow created by the Marnock high. This “channel” cut is clearly imaged on 3D seismic as is the differential compaction which forms the structural dip closures.
Dewar is a NPNT drill ready ILX Exploration Opportunity with an estimated 21 mmboe P50 recoverable resource from Forties equivalent channel sand. Deltic give the prospect a high GCoS of 41% with an AVO supported geological model.
The licence is situation close to infrastructure including the ETAP CPF, Mirren and Shearwater.
| Project | Farmdown with significant equity share available |
| Country | United Kingdom |
| Basin | Central North Sea |
| Seller | Deltic Energy Plc |
| Contract | Concession - Innovate Licence |
| Current Phase | Exploration - Phase A - Innovate Licence - 30th Round |
| Hydrocarbon Type | Oil |
| Exploration Well Drilling Cost Estimate | £17M |
| Project Economics | Post Tax IRR 84% and NPV $343m ($571m Pre-Tax) |
| Dataroom Opening | Open Now |
Further Information on this project
For further information about this opportunity or to request a Confidentiality Agreement, please contact the Holt Energy Advisors Team via the form below.
