Ardent Oil is farming out interest in licence 13/16 (blocks 5605/25a, 5605/26, 5605/27, 5605/29a, 5605/30a and 5605/31a) containing the Bryhild lead. The licence was awarded in the 7th Danish Licensing Round in April 2016. Ardent has a work programme spread over six years consisting of four phases. Phase 1 (2016-2018) requires data reprocessing and technical studies to be undertaken followed by a drill or drop decision or the acquisition of 3D seismic. Phase 2 (2019-2020) will involve shooting 3D seismic and evaluate the data to decide whether to drill or drop. Phase 3 (2020-2021) will require one exploration well to be drilled with Phase 4 (2021-2022) to complete post well analysis. Brynhild has been defined on six 2D seismic lines and 12 wells.  The trapping mechanism involves a 3-way dip closure against an updip pinchout of the Auk Formation. The Auk Formation is sealed vertically and laterally by basal Zechstein evaporites, and sealed basally by Lower Permian volcanogenic sediments. The Upper Permian Rotliegend (Auk Formation) Sandstones form the reservoir at Brynhild and have typical porosities of approximately 20%. Rapid lateral variations in the thickness of the Auk Formation fluctuate from ~180 m in the Jane D1X well to ~35 m in the Ibenholt well. Brynhild requires the presence of a working pre-Permian petroleum system locally on the Ringkobing-Fyn High, with the Carboniferous being the most the likely. Both oil and gas cases have been considered due to the geochemical unknowns. Potential prospective resources are approximately 200 MMbo or an excess of 1 Tcf. The key risk is derived from the uncertainties of source rock presence, maturity and effectiveness of the overlying (and underlying) Permian seals at the pinchout.   Interest in 13/16 is held by Ardent Oil (Denmark) SA (80% + operator) and Danish North Sea Fund (20%).   For further information please contact:  Peter Browning-Stamp  Peter.Browning-Stamp@ardentoil.com
Ardent Oil is farming out interest in licence 13/16 (blocks 5605/25a, 5605/26, 5605/27, 5605/29a, 5605/30a and 5605/31a) containing the Bryhild lead. The licence was awarded in the 7th Danish Licensing Round in April 2016.