Project Profile

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Location: 150 km north of the Shetland Islands, North Sea
Blocks: 208/1b, 208/2, 208/3b, 217/27b & 217/28b
Recoverable Reserves: 1-3 tcf (28-85 bcm)
Start-up Year: -
Lyon is located immediately west of the volcanic Erlend High at the edge of the Flett Sub-Basin. It is a strong seismic amplitude anomaly within Tertiary Flett sandstones which have been deposited along the edge of the Erlend High. The prospect geometry is partly structural and partly a stratigraphic pinch-out. 
If Lyon is successful it would be large enough to form a new gas-hub development similar to the Laggan-Tormore fields, which have been developed with sub-sea infrastructure with pipelines to the Shetland Gas Plant. Existing smaller gas discoveries in the Lyon area such as Tobermory, Bunnehaven and Cragganmore would all be suitable tie-back candidates into the Lyon gas hub.
In January 2017, Siccar Point acquired a 100% operated interest in the licence from the takeover of OMV (UK). In November 2017, Siccar Point announced a farmout agreement with Ineos covering the licence. 
Operator:
Siccar Point Energy: Operator with 33.334% interest
Ineos (UK): 66.666% interest