Location and Status
Basin: South Halibut Basin – Peterhead Graben
Area: 454 km2
Water Depth: ~110 metres
Status: Seaward Production “Innovate” Licence – Phase A with “drill-or-drop”
Finder Energy (100%)
- Permit located within prolific South Halibut Basin.
- 5 key prospects and leads identified, with key prospect Whitsun targeting same Upper Jurassic reservoir that hosts the nearby Buzzard Oil Field.
- Buzzard Field was discovered in 2001 and was the largest UKCS discovery in the last 25 years with over 1 billion barrels of oil reserves.
- Seismic reprocessing commitment to unlock the hydrocarbon potential and de-risk prospectivity.