Nexen Petroleum is offering interested parties the opportunity to farm in to licence P2298 (blocks 206/16b, 206/17 and 206/21) containing the Howick prospect. A negotiable equity is available for the licence which was awarded in the 28th Offshore Licensing Round in September 2015. Nexen has derived a mean recoverable volume of 74 MMboe for the Howick prospect.   The prospect is a 4-way dip closure with Cretaceous and Jurassic target intervals of thick, sandy reservoirs. The reservoirs consist of the Lower Cretaceous Victory Formation and Middle Cretaceous Commodore Formation deposited in a shallow marine environment. The reservoirs are sourced by the Kimmeridge Clay Formation with the hydrocarbon phase interpreted to be oil. The Howick prospect has a CoS of 39%. A further Middle-Upper Jurassic reservoir forms a secondary target. Dunstan, Swinho and Embleton are additional leads that lie within the acreage which Nexen estimate to hold 60 MMboe mean recoverable resources. Howick is interpreted through a full Pre-Stack Depth Migrated, broadband processed 3D seismic data set.Â  Â   P2298 is held solely by Nexen Petroleum UK Ltd.  For further information please contact:   Robert Hughes   Tel+44 (0) 1895 555 390  Email: Robert.Hughes@nexencnoocltd.com
Nexen Petroleum is offering interested parties the opportunity to farm in to licence P2298 (blocks 206/16b, 206/17 and 206/21) containing the Howick prospect. 