LONDON – Acquisition should start shortly of 3D seismic over Deltic Energy’s license P2428 and surrounding areas in the UK southern North Sea.
The seismic vessel, under contract to ION Geophysical, will acquire around 700 sq km (270 sq mi) of 3D data, which will focus on the Plymouth Zechstein reef prospect. The program should take six-seven weeks to complete with processed data due to be delivered in mid-2022.
Plymouth is a large Z2 Hauptdolomit carbonate build-up, analogous to the Pensacola prospect on Deltic’s P2252 license, which the company farmed out to Shell, and the 2019 Darach discovery.
Shell plans to drill Pensacola, with results helping to de-risk the play and potentially impacting analysis of Plymouth, thought to hold P50 resources of 282 bcf.
Under another recent farm-out agreement, Cairn Energy is covering the full costs of the current 3D campaign (including seismic acquisition and processing) up to the point at which a well investment decision is taken.
Assuming regulatory approval for the transaction, Deltic will hold a 40% non-operated interest in P2428.