i3 Energy is offering the opportunity to interested parties to farm into licences P1987 (block 13/23d) & P2358 (block 13/23c) to take part in the development and appraisal programme of the Liberator field. i3 Energy announced on 17 October 2018, that it appointed an acquisitions and divestitures advisor to assist with the farmout of Liberator. i3 Energy previously announced on 27 June 2018, that it had entered into a 90-day exclusivity period with a prospective partner for Liberator. During this period contractual negotiations were underway and if successful would result in i3 Energy being fully funded for Liberator and the appraisal of Liberator West. The potential farminee has not delivered on key assurances and while these remain outstanding i3 Energy is ready to consider the farmineeâs proposal once itâs structural issues have been resolved. The company is aiming to achieve final Field Development Plan (FDP) approval in early 2019 where an enlarged FDP will be presented to the OGA before the end of 2018.   In June 2018, i3 Energy began planning to drill the Liberator West appraisal well (A3) in licence P2358 (block 13/23c). The company is hoping that an extension of Liberator to the west could enlarge the Field Development Plan and potentially form Phase II of a stand-alone field development. Liberator West is thought to have 2C Contingent Resources of 22 MMbbls and Best Case Prospective Resources of 47 MMbbls. The well could spud late 2018 / 2019.  Liberator was discovered by Dana Petroleum in November 2013 by well 13/23d-8 in P1987 located immediately west of the Blake field. The overall chance of success was estimated to be 35% with the presence of the reservoir and trap configuration being considered the main risks. Well 13/23d-8 encountered a 7.3 m hydrocarbon column in 96 m of high quality Lower Cretaceous Captain sandstone reservoir. Permeabilities are estimated to be greater than 2 Darcyâs and PVT analysis proved 30.3Â° API with a 1.9 cP viscosity and an established water contact that mapped a potential oil column ranging from 7 m to 24 m within an elongated four way structure at approximately 1,600 m. The discovery is located in licence P1987, covering an area of 14.5 sq km and was awarded in the 27th Offshore Licensing Round and consists of just the one block (13/23d). The field extends into licence P2358 which was awarded in the 30th Offshore Licensing Round and consists of block (13/23c) on 1 October 2018 with an area of 187 sq km.   P1987 and P2358 is held solely by i3 Energy.
i3 Energy is offering the opportunity to interested parties to farm into licences P1987 (block 13/23d) & P2358 (block 13/23c) to take part in the development and appraisal programme of the Liberator field.