Project Profile
Location: Southern end of the Faroe-Shetland Basin
Relinquishment Date: 31st December 2015
This west of Shetland 27th Round traditional licence, which covers Blocks 205/16d, 205/17b, 205/21c & 205/22b, is situated at the southern end of the Faroe-Shetland Basin. Dunvegan and the associated leads are combined structural and stratigraphic traps within Lower Cretaceous strata, associated with strong seismic amplitudes and located within a regional three-way closed structure. The licence work programme for Dunvegan involves shooting new long offset 2D seismic data and additional geotechnical studies, prior to making a drill or drop decision.The co-venturers are Faroe Petroleum (U.K.) Ltd (50% and Operator) and EON UK E&P Ltd (50%)
Operators:
Faroe Petroleum: Operator with 50% interest
EON UK: 50% interest