AziNor Catalyst is offering the opportunity to farm-in to licence P2165 (block 16/8c) which contains the âBoazâ prospect. The company holds 100% interest in the licence after acquiring MOLâs 51% in the licence in 2017. Azinor is looking for a carry on an exploration well in return for a significant portion of its interest. AziNor has calculated that the prospect has gross Pmean recoverable resources of 242 MMboe with a P10 of 544 MMboe. P2165 was awarded in February 2015 during the 28th Licensing Round. A drill or drop decision is required by January 2019. In August 2018 it is understood that the opportunity is still available.  Boaz consists of a large untested Triassic fault-bound structural closure. An exploration well is planned to target the Triassic Skagerrak Formation sands of the prospect to a depth of 4,700 m TVDSS. The Skagerrak Formation comprises thick and well developed alluvial and braid plain deposits which have been proven by numerous well penetrations in the adjacent Norwegian acreage to the east of the block. A new 3D Geostreamer seismic survey is said to show a significant improvement in data quality with initial reviews showing a brightening associated with the structure and possible flat spot which correlate to initial rock physics and amplitude modelling. AziNor are looking to farm down material equity of between 50-75% on a promoted basis.   Interest in P2165 is held solely by AziNor Catalyst Ltd (100%).  For further information please contact:  Nick Terrell  +44 (0)20 3588 0065  nick.terrell@azinorpetroleum.com
AziNor Catalyst is offering the opportunity to farm-in to licence P2165 (block 16/8c) which contains the âBoazâ prospect. The company holds 100% interest in the licence after acquiring MOLâs 51% in the licence in 2017. Azinor is looking for a carry on an exploration well in return for a significant portion of its interest