Cairn announced on 15 November 2018 that is has agreed a deal with a yet to be named company to farm down a 40% interest in its licence P2312 (blocks 3/16a and 3/17a) which contains the Chimera prospect. Cairn holds the interest in the licence under the subsidiary name of Nautical Petroleum. Chimera is a Paleocene Heimdal Turbidite target with a secondary objective of Eocene turbidites. It is thought to hold 154 MMboe recoverable resources. The well is planned to spud in the second half of 2019. The deal is subject to regulatory approval.   Licence P2312 was awarded in the 29th Frontier Licensing Round in 2016. The licence covers an area of approximately 220 sq km. The nearest discovery is 3/17-2 (Tryfan) located roughly 3 km to the east.  Interest in the licence is currently held solely by Cairn subsidiary Nautical Petroleum Limited.
Cairn Energy (operating here under the Nautical name ->60%) has agreed to farm out a 40% non-operated interest in so far wholly-owned P2312 (blocks 3/16a + 3/17a) containing the Chimera prospect, to an unnamed farminee.