i3 Energy is offering the opportunity to interested parties to farm into licences P1987 (block 13/23d) & P2358 (block 13/23c) to take part in the development and appraisal programme of the Liberator field. i3 Energy announced on 17 October 2018, that it appointed an acquisitions and divestitures advisor to assist with the farmout of Liberator. i3 Energy previously announced on 27 June 2018, that it had entered into a 90-day exclusivity period with a prospective partner for Liberator. During this period contractual negotiations were underway and if successful would result in i3 Energy being fully funded for Liberator and the appraisal of Liberator West. The potential farminee has not delivered on key assurances and while these remain outstanding i3 Energy is ready to consider the farmineeâs proposal once itâs structural issues have been resolved. In an operational update on 29 October 2018 i3 announced an increase in AGR Tracks 2017 mid-case STOIIP of 237 MMbo to 314 MMbo (80 MMbo and 30 Bcf gas mid case recoverable). The company is aiming to achieve final Field Development Plan (FDP) approval in early 2019 where an enlarged FDP will be presented to the OGA before the end of 2018. The recently identified Serenity prospect provides further prospectivity in P2358. Serenity is an amplitude supported prospect with an areal extent of 10 sq km located on the hanging wall of the Halibut Horst and is interpreted as a westerly extension of the Tain (Blake Terrace) discovery. The company believe Serenity offers a low cost and potentially high return exploration upside that could be tied back in to Liberator Phase I or incremental Phase II infrastructure.Â  Â   The previous FDP involved a two well development solely focused in P1987. However, in October 2018 i3 were awarded P2358 in the 30th Offshore Licensing Round where it is interpreted Liberator extends into and. Phase I of i3âs new development plan will involve an intial two well development. The first appraisal well will be located in P2358 in the westerly extension to validate the extension and update the contingent resources to reserves. The second development well will be positioned in P1987 or in the centre of the field in P2358. In summer 2019, the first production and appraisal well is planned with a second development well slated for spring 2020. i3 envisage start-up in summer 2020 following the installation of subsea infrastructure from two producing wells targeting rates of 20,000 Bopd. A third development well could be drilled during Phase I depending on reservoir performance in advance of further seismic processing and appraisal of P2358 in preparation for Phase II Liberator development.   In June 2018, i3 Energy began planning to drill the Liberator West appraisal well (A3) in licence P2358 (block 13/23c). The company is hoping that an extension of Liberator to the west could enlarge the Field Development Plan and potentially form Phase II of a stand-alone field development. Liberator West is thought to have 2C Contingent Resources of 22 MMbbls and Best Case Prospective Resources of 47 MMbbls. The well could spud late 2018 / 2019.  Liberator was discovered by Dana Petroleum in November 2013 by well 13/23d-8 in P1987 located immediately west of the Blake field. The overall chance of success was estimated to be 35% with the presence of the reservoir and trap configuration being considered the main risks. Well 13/23d-8 encountered a 7.3 m hydrocarbon column in 96 m of high quality Lower Cretaceous Captain sandstone reservoir. Permeabilities are estimated to be greater than 2 Darcyâs and PVT analysis proved 30.3Â° API with a 1.9 cP viscosity and an established water contact that mapped a potential oil column ranging from 7 m to 24 m within an elongated four way structure at approximately 1,600 m. The discovery is located in licence P1987, covering an area of 14.5 sq km and was awarded in the 27th Offshore Licensing Round and consists of just the one block (13/23d). The field extends into licence P2358 which was awarded in the 30th Offshore Licensing Round and consists of block (13/23c) on 1 October 2018 with an area of 187 sq km.   P1987 and P2358 is held solely by i3 Energy.
United Kingdom, Captain