In late October 2019 it was confirmed that OK Energy has agreed to farm down 50% interest in licence P2104 (block 48/18c) to Blue Dragon Energy. It is understood that Blue Dragon Energy will fund 100% of an appraisal / development well on the 48/18a-4 Bedevere discovery in the Southern North Sea. OK Energy was also awarded neighbouring blocks 48/16, 48/17d, 48/18b and 48/19b in the 30th Licensing Round. The latter two blocks, 48/18b and 48/19b were awarded under the classification of âstraight to the second termâ with a view to develop the asset. The well is planned to be drilled in Q1 2020. The deal is still pending regulatory approval.    Bedevere was discovered in 1985 by Mobil North Sea. The discovery has a Leman Sandstone Formation reservoir. The structure is located immediately next to a discovery known as 48/18c-5 âHâ Structure. This discovery was appraised with 48/18c-7 which proved an extension to the north west while, a second appraisal well 48/18c-12 to the south of the discovery only encountered minor gas. Immediately to the east lies the Anglia field. Anglia was discovered in 1972 before being brought onstream in 1991. The field produced gas until 2015.  Pending completion of a deal interest in P2104 will be held by OK Energy (North Sea) (50% + operator) and Blue Dragon Energy (50%).
OK Energy (->50% op.) has agreed to farm down 50% WI in licence P2104 (block 48/18c) to Blue Dragon Energy.