Cluff Natural Resources Plc is looking for interested partners to farm-in to licence P2352 (blocks 22/24f and 22/25g) which contains the Dewar prospect. Cluff was awarded the licence in the 30th Offshore Licensing Round and holds 100% interest in the acreage. Dewar is a Forties Sandstone target thought to hold P10 STOIIP volumes of 272 MMbo and P50 prospective resources of 39.5 MMbo. Cluff state that the geological model is supported by an AVO anomaly and has awarded the prospect with a geological chance of success of 41%. The prospect is located in 90 m of water and could be drilled with a heavy duty jack-up rig. Well costs are thought to be in the region of GBP 17 million (incl. 15 day well test).   Cluff mention that if the prospect was successful then it could be tied back to the BP operated ETAP Central Processing Facility located approximately 5 km to the north-west of the prospect. From this the Dewar project has been estimated to have a post-tax NPV (10) of GBP 555 million and a post-tax project IRR of 123% in the P50 prospective resources case. The acreage in the licence hosts the 22/24c-11 Tesla discovery made in 2009. Tesla is an HP/HT non-commercial gas condensate discovery which was made in the Jurassic Pentland Formation.  Interest in the licence is held solely by Cluff Natural Resources Plc.
Cluff Natural Resources Plc is looking for interested partners to farm-in to licence P2352 (blocks 22/24f and 22/25g) which contains the Dewar prospect. Cluff was awarded the licence in the 30th Offshore Licensing Round and holds 100% interest in the acreage. 