Cairn announced on 10 September 2019 that DNO has farmed into licence P2312 which contains the Chimera prospect. DNO has acquired a 15% interest in the licence in which Cairn plans to spud an exploration well on Chimera in Q4 2019. The deal is pending regulatory approval.   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. Chimera has an amplitude and AVO supported trap comprising a 3-way dip closure with up-dip stratigraphic pinch-out. Cairn estimate Chimera to hold 154 MMboe recoverable resources (>1 Bboe in place). Â If successful the prospect could be developed via a standalone FPSO. Suncor completed the farm-in taking a 40% interest in the licence in December 2018.   Pending completion of a deal between Cairn and DNO interest in the licence will be held by Cairn subsidiary Nautical Petroleum Limited (45% + operator), Suncor Energy UK Limited (40%) and DNO (15%).
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