Corallian Energy Limited spudded exploration well 11/24b-4 on the Wick prospect in licence P2235 on 25 December 2018. Wick was thought to hold up to 250 MMbbl of P50 resources. Environmental survey work completed on 2 February 2018. Dry hole costs for the well were in the region of GBP 4.2 million. Planned TD for the well is 1,250 m and it was drilled with the âEnsco 72â (J/U) rig. On 16 January 2019 it was announced that even though the target Beatrice sands had been encountered they were water bearing. The well was drilled to a total depth of 1,000 m and will now be plugged and abandoned.  Wick is located in the Inner Moray Firth approximately 2 km from the Scottish coastline. The acreage has an extensive 3D seismic survey over it. Also, in the acreage is the Lybster discovery from 1996. The field was brought onstream in 2012 via wells which were drilled from onshore to offshore. Wick is thought to have the same petroleum system as Lybster consisting of a Lower to Middle Jurassic Beatrice Formation reservoir.  Following completion of some interest changes on the licence, interest in P2235 will be held by Corallian Energy Limited (45% + operator), Upland Resources (UK Onshore) Limited (40%) and Baron Oil Plc (15%).
United Kingdom, P2235