Draupner Energy is farming out interest in licence P2331 (blocks 38/22b, 38/23a, 38/27, 38/28, 44/2 and 44/3a) which contains the Balvenie prospect and licence P2487 which hosts the Durham prospect. The prospects are located in shallow water (approximately 30 m) near gas production facilities and export infrastructure with spare capacity for a potential tie back. Balvenie and Durham have Middle Zechstein Hauptdolomit targets with upside in the Upper Zechstein and Lower Carboniferous Scremerston Formation. Mean recoverable resources for Balvenie in the primary targeted reservoir are 1,160 Bcf and in Durham its 723 Bcf. The company believes that in an ultimate success case the prospects could yield approximately 3 Tcf of recoverable gas. The company is looking for partners to further mature the prospects through the acquisition and processing of preferably 350 sq km but at least 200 sq km of 3D seismic data to primarily reduce the uncertainty on the extension and geometry of the Hauptdolomit target, improve the depth conversion model and reduce risks associated with the trapping mechanism. Alternatively, there is a lower cost option of a full carry on to acquire all available 2D seismic field data. However, this carries a higher risk, poorer pre-drill resource estimations and potentially misplacing the exploration well. Equity is available in exchange for coverage of historic costs, carry on work programme elements and/or a cash offer.   The primary reservoir objective of the Zechstein Hauptdolomit has a thickness of 45 - 65 m at Balvenie. It consists of platform carbonates deposited in a lagoonal environment as ooid and oncolite shoals with local stromatolite development. Field studies onshore England show good lateral extent of the carbonate platform facies for at least 15 km. Porosity and permeability has been enhanced through dolomitisation. Offshore well data and onshore field studies prove good average porosities of 16% and up to 25% in places. Permeabilities average at 50 mD with localised fracture networks further enhancing the permeability. The anhydrite and halite of the Basalanhydrite and Stassfurt Halite form top seals. Further reservoir potential is provided through thin (10 m) limestones and dolomites from the Plattendolomit and Zechsteinkalk stratigraphy. The lowermost sedimentary package contains Upper Devonian Buchan sandstones and Middle Devonian Kyle limestones which overlie a fractured basement. These reservoirs could be penetrated by deepening the exploration well by 500 m to 2,700 m and running an additional casing string. The reservoirs are trapped by a 4-way dip closure ranging in size from 97 sq km to 197 sq km. The primary source rock is the Lower Carboniferous Scremerston formation which contains coals and organic rich shales with TOCâs of up to 40% and HI of 250 mgHC/gTOC.    The 791 sq km licence P2331 was awarded on 15 May 2017 to Draupner in the 29th Licensing Round. The initial term for the licence is split into three phases each for a duration of three years. Phase A involved firm commitments of obtaining 2,000 km legacy 2D seismic data, all relevant well data in the acreage and G&G studies to be completed. Draupner completed this programme through obtaining over 5,800 km of 2D seismic data, collecting data on 5 wells and completing seismic interpretation, source rock modelling, reservoir and prospect evaluation. Licence P2487 was an additional acreage acquired in the 31st Offshore Licensing Round.  P2331 and P2487 are held solely by Draupner Energy Limited (100% + operator).  For further information please contact:  Ann-Charlotte Hogberg, Commercial Director   Tel +46 (0)7308 48077  Email: ach@draupnerenergy.com
Draupner Energy is farming out interest in licence P2331 (blocks 38/22b, 38/23a, 38/27, 38/28, 44/2 and 44/3a) which contains the Balvenie prospect and licence P2487 which hosts the Durham prospect. 