Project Profile
Location: 160 km north east of the Shetland Islands, Northern sector of the UK North Sea, UK
Water Depth: 185 metres
Relinquishment year: March 2013
Block 211/12b is located in the Northern sector of the UK North Sea, approximately 160 km northeast of the Shetland Islands, in a water depth of approximately 185 metres. The block lies 5km to the east of the Magnus Field which was brought onstream by BP in 1983 with an in-place volume of approximately 1.5 billion barrels of oil. Block 211/12b was awarded to Elixir in early 2009 and contains a newly mapped prospect named Tiger. The target reservoir in the Tiger prospect is the Magnus Sandstone Formation, over 109m of which were encountered in the down dip 211/12b-15 well drilled The equivalent sands in the nearby Magnus Field have excellent porosity and permeability characteristics. Evidence from fluid inclusion studies of the Magnus sands in the 211/12b-15 well indicates the presence of a nearby hydrocarbon column. Reservoir presence and quality are considered to be low risk, as is hydrocarbon charge.
The trapping mechanism is a combination trap, with an interpreted pinch out seal along the western edge of the trap and a normal fault to the North east providing structural closure. Fluid inclusion analysis indicates that an effective top seal is present immediately overlying the target reservoir along the pinch out. The forward work programme is designed to de-risk this parameter and finalise a well location. Work is also being undertaken to determine resource potential and to prepare an outline development plan.
Operators:
Elixir Petroleum: Operator with 100% interest