Wintershall DEA and partner ONE-Dyas are jointly looking to offer up to a 50% interest in licence 9/16 in exchange for the incoming partnerâs commitment to fund the HPHT Vibe-1 exploration well. The licence was awarded in April 2016 during the 7th Danish Licensing Round, it is situated in the Tail End Graben and comprises of seven blocks (5504/3a, 5604/22c, 5604/26b, 5604/26c, 5604/27a, 5604/27b and 5604/31a). The Vibe-1 exploration well is slated to spud in September 2020 to target the Moneypenny Fan Complex prospect, it has a planned TD of 4,330 m and will cost in the region of USD 44 million (dry hole).    Three stacked plays have been identified in licence 9/16. The shallowest is the Lower Cretaceous K12 Vyl Formation and Upper Jurassic J70 turbidite sand play, there is also an Upper Jurassic fluvial to shallow marine J60 sand play and the third play is in multiple Middle Jurassic sands. The licence hosts three discoveries known as Amalie-1 (1991), Svane-1A (2002) and Xana-1X (2015). The discovery well for Amalie-1, encountered hydrocarbons in the Lower Cretaceous Vyl Formation, Middle Jurassic Bryn Formation and in the J60 turbidite sands. If a larger discovery is made nearby then the Amalie-1 discovery could be tied-in and developed. The Svane-1A discovery well penetrated a 6 m thick oil bearing J70 turbidite sand package, the well also encountered gas condensate in the Middle Jurassic sands. The HPHT Xana-1X exploration well proved light oil and gas in an Upper Jurassic reservoir. Xana-1X lies northwest and up-dip of Svane-1A and it was mapped as a combined lateral pinch-out and fault seal trap with stacked deep-water sandstones.   The Vibe-1 well will be located east of Svane-1A and will target the Moneypenny Fan Complex prospect in the stacked J70 turbidite fan and channel sandstone reservoir. Although designated as HPHT, the Vibe-1 well is only expected to experience moderate pressure in the J70 sands. Vibe-1 is designated as HPHT because high pressure is expected in the underlying J60 sands (as experienced by Svane-1A). The Svane-1A well is located at the western margin of the Moneypenny Fan Complex prospect. The well encountered a 6 m thick, 0.54 net/gross, 26% average porosity J70 sandstone with 90% average oil saturation. The J70 sand at Svane-1A is too thin to create a seismic amplitude response but it is expected to be within the westernmost extent of the prospect and it is included in the P10 volumes for Moneypenny Fan Complex. It is interpreted that sands greater than 30 m thick created the amplitude response, which was mapped and used to estimate the Moneypenny Fan Complex volumes at Pmean level (167 MMboe STOIIP and 66 MMboe recoverable resources). Two other prospects (Channel and Honeyrider) and two leads (Vesper Lynd East and Greater Elstra King) also lie within the licence. The gross recoverable resource potential including the prospects and leads is estimated to be 165 MMboe (Pmean) and 293 MMboe (P10).  The licence carries two firm commitments and one optional commitment. The first commitment has already been fulfilled, it comprised geotechnical work and seismic interpretation, which enabled the Upper Jurassic turbidites to be mapped. The second commitment will be fulfilled by drilling Vibe-1. The optional third commitment requires a second well to be drilled before February 2021. This second well would likely be an appraisal of the Moneypenny Fan Complex prospect, if Vibe-1 is successful.   Interest in the licence is held by Wintershall Dea GmbH (50% + operator), ONE-Dyas Denmark ApS (30%) and Danish North Sea Fund (20%).
Wintershall DEA and partner ONE-Dyas are jointly looking to offer up to a 50% interest in licence 9/16 in exchange for the incoming partnerâs commitment to fund the HPHT Vibe-1 exploration well.