United Oil & Gas has begun a farm-out process for the Crown discovery which lies in licence P2366 (blocks 15/18d and 15/19b). The company published the results of a Competent Persons Report on 1 February 2019 which estimates the Crown discovery to hold 2C gross unrisked contingent resources of 6.35 MMbbl STOIIP. The current work programme is underway and involves rock physics modelling and seismic reprocessing. The licence was awarded on 1 October 2018 in the 30th Seaward Licensing Round.     Crown was discovered by ConocoPhillips by exploration well 15/19-9 in 1998. The well was drilled to test a four-way dip closed structure and encountered oil and gas in the Balmoral Sandstone Member. The sands were good quality with a net to gross in the region of 35-90%.Â    Interest in P2366 is held by United Oil & Gas Plc (95% + operator) and Swift Exploration Ltd (5%).
United Oil & Gas has begun a farm-out process for the Crown discovery which lies in licence P2366 (blocks 15/18d and 15/19b). 