Project Profile

Location: Shetland Islands, UK North Sea 
Approximate water depth: 1,090 metres
Exploration start-up: 2019

The P.1830 Licence is located 140 km north-west of the Shetland Islands. It lies directly in between the Rosebank and Cambo Fields. Siccar Point acquired a 75% operated interest in the licence from the takeover of OMV (U.K.) in January 2017. The geological setting of the P.1830 licence is on the Corona Ridge structural feature. The reservoir targets are the same as in Rosebank and Cambo with the main targets being the Tertiary Colsay sands and the deeper Upper Jurassic sands. The Blackrock prospect is the principal prospect in the licence. Seismic interpretation is ongoing over the entire licence, the results of which will be used in final prospect definition. An exploration well is being planned for 2019 which could add substantial resources to the planned area development. 

Operators:

Siccar Point Energy: 52.5% interest 

Shell: 22.5% interest 

OMV: 25% interest