On 21 November 2017 Siccar Point Energy E&P Limited announced that it has agreed to farm down a 66.666% interest in two West of Shetland licences P1854 and P1935 to INEOS UK SNS Limited. The acreage contains the Lyon prospect which is thought to hold pre-drill mean recoverable resources of 1.4 Tcf (266 MMboe). Through this deal INEOS is building on its West of Shetlands acreage which it acquired through the acquisition of DONGâs business earlier in 2017. The company intends to become a significant player in this area and make use of the existing gas infrastructure in the West of Shetlands. The deal is pending regulatory approval. Licence P1854 comprises blocks 208/1b, 208/2, 208/3b, 217/27b and 217/28b and P1935 comprises blocks 217/22a, 217/23a and 217/24a. First Oil which previously operated licence P1854 estimated that a planned well on Lyon would cost in the region of GBP 42 million. In addition to Lyon, First Oil had identified three other prospects in the licence including the Eden prospect which is thought to have pre-drill recoverable resources of 456 Bcf (86 MMboe). TGS shot a 3D survey over the area in 2012 which has helped define the Lyon structure which is now considered ready to drill. Lyon has a strong class III AVO anomaly and the reservoir is prognosed to be the shallow marine Balder Sands. First Oil was originally awarded the licence as part of the 26th Seaward Licensing Round.  Interest in the licences following completion of the deal will be Siccar Point Energy E&P Limited (33.334% + operator) and INEOS UK SNS Limited (66.666%).
United Kingdom (Faroes-Shetland Trough) (It's a petroleum rights. Please summarize by yourself). In IHS database: 217/24a op. by SICCAR PT (100.0%) to be check.217/22a op. by SICCAR PT (100.0%) to be check.217/23a op. by SICCAR PT (100.0%) to be check.