STOCKHOLM, Sweden — Draupner Energy has secured permission from the UK’s North Sea Transition Authority (NSTA) to amend the Phase B work program for two North Sea production licenses.
P2331 is in Phase B, while Draupner Energy has confirmed to the NSTA that it will enter P2487 Phase B July 15.
The NSTA has in turn confirmed that the Phase B work for both licenses will be satisfied through obtaining part of ION Geophysical’s MNSH Prime multiclient 3D seismic survey over the area, acquired during 2020-2021.
Draupner’s interpretation of a subset of the over its acreage suggests recoverable hydrocarbon potential of more than 4 Bboe (unrisked), with the largest volume mapped in the Upper Permian Zechstein, Devonian Buchan and Upper Jurassic Fulmar, and further upside in the Devonian Kyle.
Various targets are vertically stacked, so there could potentially be more than 500 MMboe recoverable in wells targeting the P2331 Balvenie Main and Belsay prospects and the P2487 Durham prospect.
The company has started maturing the optimum P2331 prospect for drilling to support a decision on entering Phase C of the license, which has a one-well commitment, with a minimum drilling depth of 2,150 m.
Draupner added that the Mid North Sea High is an underexplored area on the UK Continental Shelf, where shallow waters and nearby infrastructure offer potential for relatively low exploration and development costs.
The company plans a farmout process with a physical data room opened from mid-August and bids due by the end of October.