Serica Energy announced on 18 December 2019 that it has been awarded blocks 3/24c and 3/29c which were on offer in the âRhum Area Out of Roundâ. The blocks are held under licence P2501 located immediately to the west of the Rhum Area. The newly awarded acreage contains the HP/HT North Eigg and South Eigg prospects. North Eigg shares geological similarities with the Rhum field and is clearly defined on 3D seismic. It is a Jurassic target with a structural trap sealed against the East Shetland bounding fault. North Eigg is estimated to contain 350 Bcf (P50) and potentially upwards of 1 Tcf (P10) of gas resources. Serica has committed to undertake 3D reprocessing along with drilling a well on the prospect in the next three years. In the success case the field could be developed via a sub-sea tieback to the Bruce facilities.   The Oil and Gas Authority announced on 1 August 2019 that it had launched an Out of Round block offer for blocks 3/24c and 3/29c known as the âRhum Area Out of Roundâ. The offer was open for 90 days and closed on 30 October 2019 at 14:00.  The Rhum field was discovered in 1977 with well 3/29-2 by a Joint Operating Agreement between BP and Iranian Oil. It was not initially developed due to the HP/HT nature of the reservoir. In 2002 the field development plan was submitted to the then Department of Trade and Industry. It was developed as a subsea tie-back to the Bruce field with two production wells and the completion of an appraisal well. Production commenced in 2005. Serica Energy picked up operatorship of the Rhum field in November 2018 acquiring a 50% interest in the field from BP. The other partner is the Iranian Oil Company (U.K.) Limited (50%).
United Kingdom, Rhum