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Member News23rd Nov 2021

Deltic Energy announces 3D seismic survey of Southern Basin gas blocks completed

Farm-in partner Cairn has completed the 3D seismic survey over Licence P2428 and surrounding areas, the licensee Deltic Energy said November 23. The seismic vessel, under contract to ION Geophysical, was mobilised to site to acquire some 680km2 of new 3D seismic data over the Plymouth Zechstein Reef prospect and surrounding areas on Licence P2428. The results are expected to be delivered in Q2 2022.

Under the farm-out agreement, Cairn is responsible for 100% of the costs of the seismic acquisition, processing and associated work programmes up to the point at which a positive well investment decision is made.

Deltic holds a 40% non-operated interest in the licence, which contains the key Plymouth prospect, a large Zechstein carbonate build-up, which is analogous to Deltic’s Pensacola Prospect and the Crosgan discovery.

Further upside on the block is associated with the Cupertino and Richmond prospects which will also be further evaluated using the newly acquired 3D seismic data.

Deltic CEO Graham Swindells said the new 3D seismic data was “another important  step forward as we further progress this highly prospective licence with Cairn…. Our understanding of the multiple gas prospects on P2428 […] will be key to de-risking future drilling on this licence.”

For more information on Deltic, please see here.