Deltic Energy Plc (formerly Cluff Natural Resources Plc) is looking for interested partners to farm-in to licence P2352 (blocks 22/24f and 22/25g) which contains the Dewar prospect. Cluff was awarded 100% interest in the licence in the 30th Offshore Licensing Round. Dewar is interpreted as a Forties Sandstone target with differential compaction around the channel causing a 4-way dip closure and an AVO anomaly associated with the channel. It is estimated that the prospect holds P10 STOIIP volumes of 272 MMbo and P50 prospective resources of 39.5 MMbo. The prospect has been assigned a geological chance of success of 41%. Located in around 90 m of water, a well could be drilled with a heavy duty jack-up rig. Well costs are thought to be in the region of GBP 17 million (incl. 15 day well test). As of May 2020 it was confirmed that the opportunity is still available.    Deltic Energy mention that if the prospect was successful then it could be tied back to the BP operated ETAP Central Processing Facility located approximately 5 km to the north-west of the prospect. From this the Dewar project has been estimated to have a post-tax NPV (10) of GBP 555 million and a post-tax project IRR of 123% in the P50 prospective resources case. The acreage in the licence hosts the 22/24c-11 Tesla discovery made in 2009. Tesla is an HP/HT non-commercial gas condensate discovery which was made in the Jurassic Pentland Formation.    Interest in the licence is held solely by Deltic Energy Plc.
United Kingdom (Central Graben Province) P2352 op. by CLUFF NR (100%), Deltic Energy Plc (formerly Cluff Natural Resources Plc) is looking for interested partners to farm-in to licence P2352 (blocks 22/24f and 22/25g) which contains the Dewar prospect. Cluff was awarded 100% interest