Ardent Oil is offering interested parties the opportunity to farm into licence 10/16 (blocks 5504/20b, 5504/24b and 5505/21) containing the Laufey prospect. Ardent has a work programme spread over six years consisting of four phases. Phase 1 (2016-2018) requires data reprocessing, inversion and technical studies to be undertaken followed by a drill or drop decision. Phase 2 (2019) will involve drilling a well to evaluate the Middle Jurassic target sands while phase 3 consists of committing to a second exploration well or to relinquish the licence. Phase 4 will involve drilling the second exploration well. Laufey has been defined on a PGS 3D Danish megamerge survey (11,180 sq km) composed of pre-stack merged 3D volumes of various vintages. Ardent also has reprocessed legacy 2D data. A total of 26 wells were used during the technical interpretation. The licence was awarded in the 7th Danish Licensing Round in April 2016.   Laufey is a large, untested structural / stratigraphic combination trap invoking an updip pinch out of Middle Jurassic Graben sands. The prospect covers a total area of 97 sq km with approximately 46 sq km in Ardentâs acreage. Most likely recoverable prospective resources for Laufey (in Ardentâs acreage) are estimated to be ~655 Bcf and 20 MMbo of condensate. The reservoir comprises of sands and coals deposited in shallow marine, high energy, channel and deltaic environments. Well data from the analogous Broder Tuck Discovery to the NE suggest high porosities (up to 24%) and permeabilities (>50 mD). The top seal is provided by the Upper Jurassic clays of the Lola â Mid Graben Shale Formation, which has a 300 m thickness overlying the prospect. The principle source rock consists of the Upper Jurassic Farsund Formation (Kimmeridge Clay equivalent). Secondary source potential comes from Middle Jurassic source rocks which are likely to be type III (gas prone) kerogen dominated. Migration is expected to occur from deeper basinal areas into the Middle Jurassic Graben Sands. The depth to the objective at the crest of the structure (on block) is approximately 3,350 m subsea down to a most likely spill point of 4,200 m. The main risks are the trap presence and effectiveness due to the fault based compartmentalisation.   Interest in 10/16 is held by Ardent Oil (Denmark) SA (80% + operator) and Danish North Sea Fund (20%).   For further information please contact:  Peter Browning-Stamp  Peter.Browning-Stamp@ardentoil.com
Ardent Oil is offering interested parties the opportunity to farm into licence 10/16 (blocks 5504/20b, 5504/24b and 5505/21) containing the Laufey prospect. Ardent has a work programme spread over six years consisting of four phases.