Odin Energi is seeking partners for the E 17 offshore block. Odin submitted an application for a block covering 98 sq km in the Baltic Sea adjacent to the Latvian coast, in December 2009, but the area was later reduced to 31.65 sq km when the competitive tender process was held in June to September 2017, to accommodate the ongoing Latvia-Lithuania maritime boundary negotiations, and the licence was awarded effective 9 January 2018. During 2019 Odin acquired 50 sq km of 3D seismic across the acreage and surrounding area, and the company hopes to drill in 2020/21, targeting Cambrian Deimena Formation at 1,370m SSTVD, with secondary objectives in Ordovician oolites and Silurian reefs. Odin reports 51 MMbo base case prospective resources and has previously indicated 78 MMbo potential, thought to be the mid case volumetric. The prospect lies in 25m WD and estimated gross well cost is US$ 16-20 million. The partnership is currently reported as Odin Energi Latvija Ltd (29% + Op), Nostrum Oil & Gas Cooperatief UA (60%), Geobaltic UAB (1%), and the Latvian Investment and Development Agency (10%), however Odin appears to be seeking to replace at least one of the reported partners, likely Nostrum. A data room will open in early March, with bidding open until 15 May 2020. Details at https://www.holtenergyadvisors.com/opportunities/latvia2 
Odin Energi is seeking partners for the E 17 (2018/1) offshore block. Odin submitted an application for a block covering 98 sq km in the Baltic Sea adjacent to the Latvian coast, 