Azinor and Cairn are offering the opportunity for interested parties to farm into licence P1763 (blocks â 9/9d and 9/14a) which contains 2018 Agar discovery. Interested companies could obtain up to a 75% interest and operatorship in the discovery which equates to a 37.5% interest in the licence P1763. Azinor states that the discovery is ready to move forward to development with FID planned for January 2021. The companies believe the discovery to be economically robust under a range of development scenarios with up-side nearby in the form of the Alpha and Plantain South prospects.  In November 2018 it was announced that Azinor Catalyst had been successful with operations on its Plantain prospect and appraisal of its Agar discovery. Following two re-spuds of initial wellbore 9/14a-17 (A & B), the well 9/14a-17B targeting Plantain, was drilled to a depth of 2,254 m where it encountered the prospect at 2,066 m. A total of 27 m of high quality net reservoir sandstones in the Eocene Lower Frigg Formation were encountered and through logging-while-drilling and pressure analysis indicated a thin net oil pay zone with a significant underlying zone of residual hydrocarbons. Based on this result the sidetrack was kicked-off. Well 9/14a-17Z encountered the Upper Frigg Formation at 1,763 m and penetrated a gross reservoir of 20 m with a high net to gross ratio confirmed by log and pressure analysis and an average porosity of 30%. No Oil-Water contact was encountered. The sidetrack reached a depth of 1,962 m. It is thought recoverable resources from Agar are estimated at 15 to 50 MMboe. In terms of development the Beryl Bravo facilities are located 12 km to the north east of Agar-Plantain and the Alvheim FPSO is located approximately 14 km to the south east. The well was plugged and abandoned and the rig left location on 18 November 2018.  The Agar discovery was made in 2014 with well 9/14a-15A which encountered a 33 ft oil column in high quality Eocene Frigg Formation sands. The well was drilled by MPX which was primarily targeting the Upper Jurassic sands of the Aragon prospect. The Upper Jurassic sands were encountered in the well but were water bearing.   Interest in P1763 is held by Apache Beryl Limited (50% + operator), Cairn subsidiary, Nautical Petroleum Limited (25%), AziNor Catalyst Limited (12.5%) and DNO North Sea (U.K.) Ltd (12.5%).
Azinor and Cairn are offering the opportunity for interested parties to farm into licence P1763 (blocks â 9/9d and 9/14a) which contains 2018 Agar discovery.