Offshore staff
LONDON – Baron Oil Plc has raised its stake in license P2748 in the UK central North Sea from 15% to 32% following approval from the Oil & Gas Authority.
Work continues on outstanding Phase A technical work commitments, with 3D seismic reprocessing expected to be completed during the first half of 2022. According to Baron, this should give the partners the time they need to mature the Dunrobin prospect and to engage with potential drilling partners.
Baron is acting as technical overseer in relation to the remaining Phase A commitments.
The company estimates prospective resources at Dunrobin, which has yet to be drilled, at 100 MMbbl.
Around 20 km (12.4 mi) to the north is the Beatrice field, originally developed by bp, which produced more than 140 MMbbl from the same petroleum system.
Baron expects drilling to cost around £7 million ($9.59 million), with the prospect located in a water depth of less than 100 m (328 ft), and an anticipated total drilling depth of close to 660 m (2,165 ft).
10/14/2021
