The North Sea is one of the most prolific hydrocarbon provinces in the world. Total production to date from the UK Continental Shelf is over 45 billion barrels of oil equivalent.
The UK North Sea is generally divided into three main areas, the Northern North Sea, Central North Sea and Southern North Sea. Finder currently holds 5 seaward production licences, 4 in the Central North Sea (P2524, P2527, P2528 and P2530) and one in the Northern North Sea (P2502).
Location and Status
Basin: East Shetland Basin, Northern North Sea
Area: 424 km2
Water Depth:~150 metres
Status: Seaward Production “Innovate” Licence – Phase A
Finder Energy (50%, Permit Administrator)
Dana Petroleum (E&P) Limited (50%)
Located in the western part of the East Shetland Basin, with a proven play and petroleum system as demonstrated by the nearby Cladhan, Magnus and Penguin Fields.
Significant hydrocarbon potential within the under-explored Upper Jurassic syn-rift play.
Re-evaluation of SW Heather discovery and tie-back development potential.
Prospect rich licence spanning three sub-basins and covered by 3D seismic data.
Finder farmed out 50% to Dana Petroleum (E&P) Limited, operator of the nearby Western Isles infrastructure.