Zennor Petroleum exited licence P1242 and CalEnergy acquired the 11% interest in licence P1242 from Zennor Energy on 21 July 2020. The licence covers two blocks (47/5b and 48/1a) and an area of 53 sq km. Block 48/1a hosts the Platypus gas discovery and the Platypus East prospect. The Platypus Field Development Plan (FDP) and Environmental Statement was submitted to the Oil and Gas Authority (OGA) and Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) in October 2019 but sanction has been delayed from Q2 2020.  The FDP involves drilling two development wells down to around 3,100 m. The wells are to be connected to a subsea manifold and gas will be transported to the Cleeton Wellhead platform through a 23 km pipeline. The field is forecast to achieve peak production of approximately 47 MMcfg/d and have a field life of approximately 20 years. The project was expected to be sanctioned in Q2 2020 but, due to COVID-19 and the low oil and gas price, the project sanction has been delayed. First gas will be achieved less than two years after sanction.   The Platypus gas field was discovered by Dana in 2010. The discovery well (48/1a-5) encountered a 66 m thick Rotliegend Lower Leman Sandstone reservoir section and it was suspended as a future producer. In 2012, the 48/1a-6 horizontal appraisal well drilled through 945 m section of reservoir and flowed gas before also being suspended as a future producer. Partner in the licence, Parkmead, disclosed in 2019 that Platypus is estimated to contain 105 Bcfg of recoverable reserves in the mid-case. In addition, the acreage could also have potential upside in the Platypus East prospect, which may contain 51 Bcf of reserves.   Interest in P1242 is held by Korea National Oil Corp (KNOC) through subsidiary Dana Petroleum (E&P) Ltd (59% + operator), CalEnergy Gas Ltd (26%) and Parkmead (E&P) Ltd (15%).
United Kingdom (Anglo-Dutch B.) Cleeton op. by PERENCO (100%)