AziNor Catalyst is offering the opportunity to farm-in to licence P2278 (blocks 13/16b and 13/17) to drill a well on the Churchward prospect. AziNor is looking for a partner to fund an exploration well in return for a material interest in the licence. The estimated gross well cost is GBP 9 million. The well is required to be drilled to a depth of at least 2,350 m or 30 m into the Upper Jurassic, whichever is shallower. AziNor has derived a P50 resource potential of 525 MMbo recoverable with a potential 2 Bbo upside. P2278 was awarded in September 2015 during the 28th Licensing Round. The work programme is currently in the first four year term. Purchasing and reprocessing 3D seismic data and associated geotechnical studies have been completed. A âdrill or dropâ decision is expected by September 2019. As of January 2019, the opportunity was still available.  Churchward consists of a large structural stratigraphic trap located on the northern flank of the Halibut Horst within the Smith Bank Graben. The trap was interpreted through the merging and reprocessing of WesternGecoâs Captain 2003 and Petro-Canadaâs 2006 seismic surveys. An exploration well will target the Ettrick (J71) and Buzzard (J63) sandstone units that were deposited in axial submarine channels. The Buzzard sandstones are interpreted to exhibit similar reservoir properties to those discovered in the Buzzard field which lies approximately 75 km south east of Churchward. The reservoir sands are sourced from mature Kimmeridge âHot Shalesâ with potential TOCs of 6-7%. The Kimmeridge Clay also forms the primary seal for the Jurassic reservoir sands. An AVO and potential DHI effect associated with a phase change has been interpreted on the top of the reservoir sands.  Amoco drilled well 13/17-1 in 1975 to a depth of 2,526 m within the current acreage. The well targeted the Rotliegend Group sandstones and was disclosed as dry/shows. Evidence for a working petroleum system within the Smith Bank Graben was proven in 1977 by the discovery of Captain Field, located immediately south of P2278. The field produces from Upper Jurassic sands and Lower Cretaceous and Rotliegend sands.  P2278 is held solely by AziNor Catalyst.  For further information please contact:    Nick Terrell    Tel+44 (0)20 3588 0065  Email: nick.terrell@azinorpetroleum.com
AziNor Catalyst is offering the opportunity to farm-in to licence P2278 (blocks 13/16b and 13/17) to drill a well on the Churchward prospect. AziNor is looking for a partner to fund an exploration well in return for a material interest in the licence.