Executive Summary: Orlando
Wintershall (E&P) Limited is offering to divest all or part of it's 35% working interest in licence P1606. Partners are MPX North Sea Ltd. (65%, operator) and Sorgenia E&P Ltd. (Sorgenia will be assigned a 35% interest from MPX). The offer provides interested parties the opportunity to participate in appraisal drilling and development of the Orlando Discovery (block 3/3b) in Q3/Q4 2010, and exploring additional potential within the licence. First oil from Orlando is anticipated for 2011.
The licence is a UKCS 25th round award, with an initial term of four years as from 12th February 2009.The work programme includes reprocessing of 200kms2 3D seismic (fulfilled) and drilling of a firm well to a minimum depth of 3580m (TVD) to appraise the Orlando Discovery. The discovery has been re-mapped and appraised and static and dynamic sub-surface modelling confirms economic oil quantities within the structure. Drilling of the appraisal/development well (scheduled for 2010) will fulfil the outstanding work obligation on licence p1606. Oil offtake via the Ninian Field is the preferred option, evaluation of rig market and drilling services are underway.
Executive Summary: Blakeney
Wintershall (E&P) Limited is proposing to divest part of it's 100% working interest in licences p1562 and p1619, which contain blocks 21/21, 21/22 and 21/27b respectively. The offer provides interested parties the opportunity to participate in drilling and evaluation of the Blakeney prospect (block 21/27b) in Q2/Q3 2010 and ensuing activity in both licences.
The licences are UKCS 25th round awards, with an initial term of four years as from February 2009. The first part of the obligatory work programme, which includes the purchase and reprocessing of 223km2 3-D seismic data has been completed, the data interpreted and evaluated. This work has confirmed and further de-risked the Blakeney prospect such that the work programme can proceed with the drilling of an exploration well to the Eocene Tay sandstone reservoir objective. The drilling of Blakeney will fulfil the outstanding work obligation on licence p1619. Wintershall has acquired a site survey, selected a drilling location and has contracted the well management services of SPD to plan well operations.
Executive Summary: Volante
Wintershall (E&P) Limited offers the opportunity to acquire c. 20% interest in UKCS License P.1303, comprising Blocks 20/2b and 20/3d, in return for participating in drilling the economically attractive Volante prospect in Q3 2010.
License P.1303 was originally awarded to BG during the 23rd License Round with a license term of 4 years. Part I of the Work Program (purchase 124 km2 of 3D seismic, rock physics study) has been completed. Part II of the Work Program (drill a well 150 ft below the BCU) is outstanding.
Wintershall has recently completed the acquisition of the license, and subsequently farmed out 45%. A further c. 20% interest is now available for interested parties. License extension to end 2010 has been granted by the DECC, allowing operator Wintershall and its partners to drill an exploration well in Q3 2010.