MOL and AziNor Catalyst are offering the opportunity for interested parties to farm-in to licence P2179 (block 21/25c) to drill a well on the Hinson oil prospect. The prospect is a large stratigraphic trap with a pinch-out of reservoir sands to the north. The primary reservoir target is the Upper Jurassic basin floor mass-flow sands of the Kimmeridge Clay Formation, sourced from the northern and western platform areas. AziNor and MOL are prepared to jointly farm down between 10% and 60% in exchange for the funding of a well, on a promoted basis, to test the Hinson prospect. Pmean gross recoverable resources have been estimated at 178 MMboe with an upside of 329 MMboe (P10). There are plans to drill an exploration well in 2019. As of August 2018 the opportunity was still available.  The prospect, located in the Central North Sea near existing infrastructure as that of the Gannet complex, is covered by 2009 3D Geostreamer seismic data. Analysis of 3D Geostreamer data indicates the presence of a direct hydrocarbon indicator (DHI) associated with the prospect. This is supported by offset well modelling work and is the focus of the seismic reprocessing and quantitive interpretation. Mulitple proven play types exist in the area with a variety of trap styles. The main focus within the aforementioned farm-out block are the Upper Jurassic deepwater turbidite and shallow marine shoreface systems. The reservoir sands are located within or extremely near to the oil mature, organic rich Kimmeridge Clay Formation source rocks. These plays are proven in nearby discoveries such as 22/22b-2 Selkirk which flowed, at discovery, 4,864 boe/d from high quality (600 mD permeability) Upper Jurassic Kimmeridge Clay Formation sands.   Interest in P2179 is held by Molgrowest (I) Ltd (51% + operator) and AziNor Catalyst Limited (49%).    For further information please contact:    Nick Terrell    +44 (0)20 3588 0065    nick.terrell@azinorpetroleum.com    or   Richard Fairbairn from MOL.
MOL and AziNor Catalyst are offering the opportunity for interested parties to farm-in to licence P2179 (block 21/25c) to drill a well on the Hinson oil prospect. 