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%)

Licence Highlights

  • 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.