I3 Energy is offering the opportunity for interested parties to farm-in to licences P1987 and P2358 which contain the Liberator and Serenity discoveries. The company is planning to undertake a multi-well appraisal programme in 2020 on its Liberator and Serenity assets and is looking for partners to fund the appraisal programme. On 13 February 2020 the company stated that the data room was open and that it was making good progress in its farm-out to fund its 2020 appraisal campaign.  Liberator is an oil discovery located immediately west of the Blake field. It was discovered in 2013 and has a Lower Cretaceous Captain Sand reservoir, similar to Blake. The discovery was appraised during 2019 with appraisal wells 13/23c-9 and 13/23c-11. Even though the wells did not meet the pre-drill expectations, i3 Energy believes that the 13/23c-11 well confirmed the migration pathway for hydrocarbons to move west towards the 'Minos High' where is it thought that the Upper Captain sand package is estimated to have a thickness of approximately 200 ft above the OWC. I3 Energy believes that the post-drill analysis shows that the structure has potential in-place resources above 400 MMbbls.   Serenity was an amplitude supported prospect with an aerial 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. Well 13/23c-10 also drilled in 2019 encountered 11 ft of Upper Captain oil bearing sands with an oil of 31.5Â° API. The measured oil column on the structure is thought to be 604 ft, observed via pressure data. I3 Energy believes that Serenity and the Tain oil discovery are potentially in communication which could infer a column height of 1,124 ft. The company believes Serenity to have P50 STOIIP resources of 197 MMbbls. I3 Energy estimates that the sand package to increase moving west along the structure. The operator believes that the well confirmed strong commercial potential of the area and reservoir model simulations demonstrate potential recovery factors of >60%.   Interest in the licences is held by solely by i3 Energy North Sea Limited.
I3 Energy is offering the opportunity for interested parties to farm-in to licences P1987 and P2358 which contain the Liberator and Serenity discoveries. The company is planning to undertake a multi-well appraisal programme in 2020 on its Liberator and Serenity assets and is looking for partners to fund the appraisal programme.