Ardent Oil is farming out interest in licence 12/16 (blocks 5605/11a, 5605/12, 5605/15a and 5605/16a) containing the Astrild prospect. 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, inversion and technical studies to be undertaken followed by a drill or drop decision. Phase 2 (2019) will involve drilling a well to evaluate the Triassic targets while phase 3 consists of committing to a second exploration well or to relinquish the licence. Phase 4 will involve drilling the second exploration well. Astrild has been defined on a PGS 3D Danish megamerge survey (11,180 sq km) composed of pre-stack merged 3D volumes of various vintages. Ardent also has reprocessed legacy 2D data. A total of 29 wells were used during the technical analyses.   Astrild is a large, untested four way dip closed structure trapping the Triassic Skagerrak and Rhaetic Formations which are composed of high porosity reservoir sands. The sands were deposited in alluvial fans and plains in a moderate energy environment. Lower Keuper Shales and Lower Salt form the principle seals for the Skagerrak reservoirs and Lower Jurassic claystones seal the Rhaetic reservoirs. Marine shales within the Lower Namurian and Dinantian stratigraphy likely source the reservoirs. The Permian Kupfershiefer source rock acts as a potential secondary source. The prospect area is mapped between 35 sq km (Skagerrak) and 42 sq km (Rhaetic). The key risk associated with Astrild is the presence of a source rock creating sufficient volumes of hydrocarbons. Â   Interest in 12/16 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 12/16 (blocks 5605/11a, 5605/12, 5605/15a and 5605/16a) containing the Astrild prospect. 