Project Profile
Location: Danish sector of the North Sea, Denmark
Blocks: 5504/20, 5604/24, 5505/21
Area: 306.4 sq km
Water depth: 65 m
Licence award: April 2016
Licence term: 6 years
Start-up Year: -
Hansa Hydrocarbons has been awarded a new licence under the Danish 7th Licensing Round, namely Licence 7/16 in the Danish sector of the North Sea. Licence 7/16 covers an area of 306.4 sq km down to a depth limit of 1700 m and is situated adjacent to the German median line to the south. The exploration objectives are an extension of the Late Miocene oil play successfully appraised in 2015 with the Lille John-2 well and side-track by Dana Petroleum. Lille John discovery of light 34°-35° API oil gives support to a number of large seismic anomalies identified in similar age sandstones being oil-filled. The licence term is six years with a drill or drop decision at the end of the third year. The firm work program consists of reprocessing existing 3D seismic data, combined with AVO and inversion studies, de-risking the identified prospectivity prior to drilling.
Operators:
Hansa Hydrocarbons: Operator with 50% interest
Edison International S.p.a.: 30% interest
Nordsøfonden: 20% interest