Project Profile
Value: Undisclosed
Location: Inner Moray Firth, offshore Sutherland coast, Scotland, UK
Reserves: 209.0 MMstb (Norfolk) and 55.5 MMstb (Norfolk East)
The Norfolk Prospect and Norfolk East Prospect (12/16b and 12/17b) are located in the Inner Moray Firth, a short distance from the Sutherland coast. The Norfolk Prospect is a large stratigraphic pinchout and dip closure of the Lower Cretaceous Coracle Sands with additional leads in the Punt and Beatrice Sands. The best estimate undiscovered oil initially-in-place of 209.0 MMstb at Norfolk and 55.5 MMstb at Norfolk East as estimated for NSE in Sproule\'s Report dated July 31, 2011, who were contracted for petroleum consultancy services and reserves estimation. The partners in the Norfolk Prospect are First Oil Expro (35%, operator), Nautical Petroleum (20%), Premier Oil UK (25%) and North Sea Energy (UK No2) (20%). Nautical Petroleum was acquired by Cairn Energy in August, 2012 and is now part of the Cairn group of companies. A 2D hi-resolution seismic program on the Norfolk Prospect in UKCS Block 12/16b (20% NSE interest) has been completed in November 2012 after receiving approval from DECC (UK Department of Energy and Climate Change).
Operators:
First Oil Expro: Operator with 46.67% interest
Nautical Petroleum: 26.67%
North Sea Energy: 26.67% interest
Contractors:
Sproule: Petroleum consultancy services and reserves estimation