Cairn announced on 15 November 2018 that is has agreed a deal to farm down a 40% interest in its licence P2312 (blocks 3/16a and 3/17a) which contains the Chimera prospect to Suncor Energy. Cairn held 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 deal completed on 19 December 2018.  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 now held by Cairn subsidiary Nautical Petroleum Limited (60% + operator) and Suncor Energy UK Limited (40%).
United Kingdom, P2312