BALVENIE AND DURHAM HIGH IMPACT PROSPECTS
Draupner Energy holds a 100 percent equity stake in each of licenses P2331 and P2487 in the Mid North Sea High Area on the UK Continental Shelf, holding the multi-target Balvenie and Durham prospects. The Zechstein Hauptdolomit carbonates have good reservoir properties in this area and constitute the main objectives in Balvenie and Durham with estimated 1,160 Bcf and 723 Bcf mean recoverable gas volumes, respectively. There is additional potential in other formations, particularly the Devonian and fractured Basement with an additional potential of up to 3,000 Bcf mean recoverable gas. Due to a favourable gas charge location and there being a multi-target prospect, there is the rare opportunity of both a high-volume potential and relatively low geological risk. The blocks are located in the southern part of the Mid North Sea High, northeast of the Breagh Field and Crosgan discoveries and ca. 40 km north of the Cygnus field, one of the largest producing gas fields on the UKCS. Draupner Energy is currently offering equity in these exciting licenses in exchange for carry of a 3D seismic program and coverage of historic costs.
Geologically, the blocks lie within the corridor of proven working Permian and Carboniferous petroleum systems.
A very large gas generating kitchen area is located ca. 25 km south of the Balvenie prospect. The primary source rock is the Lower Carboniferous Scremerston Formation which contains coals and organic rich shales with TOC of up to 40% and HI of typically 250 (mgHC/gTOC). The median total amount of generated gas in the drainage area for the Balvenie prospect has been calculated to 135 tcf, providing a very large gas charge supply to Balvenie which has a most likely gas-in-place volume of about 1.5 tcf and maximum 7 tcf, hence an oversupply of 20-90 times the prospect volumes.
Potential farminees and other interested parties are welcome to download the flyer below and to get in touch for more information.