Deltic Energy formally accepts UKCS licence

The company’s preliminary evaluation suggests that the Pharos discovery and the Blackadder prospect are a single Leman Sandstone structure.

UK-based Deltic Energy has officially accepted Licence P2672, provisionally awarded by the North Sea Transition Authority (NSTA) as part of the UK’s 33rd Offshore Licensing Round.

The UK Continental Shelf (UKCS) licence encompasses blocks 47/5e, 47/10c and 48/6c to the west of the West Sole gas field and includes the Pharos and Teviot discoveries.

The company’s preliminary evaluation suggests that the Pharos discovery and the Blackadder prospect are a single Leman Sandstone structure.

Deltic estimates that the Blackadder/Pharos project has 293 billion cubic feet (bcf) of P10 resources, 165bcf of P50 resources and 66bcf of P90 resources.

The 47/10-8 well, part of the Teviot discovery, is thought to contain 9bcf of P90 resources, 17bcf of P50 resources and 27bcf of P10 resources.

Both have a 65% geological chance of success and have encountered gas-bearing Leman Sandstone.

Published: 09-07-2024