Project Profile
Value: Undisclosed
Location: North of the Ravenspurn fields, in close proximity to the Kilmar and Garrow gas field, UK Southern North Sea, UK
Start-up Year: -
Blocks 42/20a, 42/25b, 43/16 & 43/21c (Parkmead 33.34% and operator) lie to the north of the Ravenspurn fields and are located in close proximity to the Kilmar and Garrow gas fields. These blocks already contain a Carboniferous gas prospect, Farne, as well as a further lead and a gas discovery. The work programme consists of obtaining 2D and 3D seismic data and conducting detailed seismic attribute analysis, leading to a drill or drop decision. The joint venture partners on these blocks are Verus Petroleum and Iona Energy, according to Parkmead\'s 2015 annual report. Iona Energy fell into liquidation in 2015.
Parkmead was also awarded a 50% operative stake at Block 42/19 and 42/20b during the UK’s 20th licensing round in November 2014. The licences lie adjacent to the Farne prospect, and include a work programme for 3D seismic data and one drill-or-drop well alongside Parkmead\'s investment partner, Verus Petroleum.
Operators: ( 42/20a, 42/25b, 43/16 & 43/21c)
Parkmead: Operator with 33.34% interest
Verus Petroleum: 33.33% interest
Iona Energy (insolvent): 33.33%
Operator: (Block 42/19 and 42/20b)
Parkmead: Operator with 100% interest