Project Profile
Location: Isle of Wight - block 98/13 and block 98/14
Discovery year: 1973
Peak Production: 110,000 boepd (1997)
The new licence is located immediately offshore from existing Isle of Wight onshore licence, PEDL 240. The part blocks 98/13 and 98/14 cover the offshore extension from PEDL 240 of a prospect that has been mapped using both seismic and well data and is located in the same petroleum basin as the Wytch Farm oil field.
Operator:
Perenco: Operator with 53.8% interest (acquired from BP in 2011)
Premier Oil: 33.8% interest (sold out in August 2017)
Ithaca Energy: 7.4% interest
Repsol Sinopec Resources UK: 5% interest