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Corallian Energy Limited

A private UK oil and gas company

A private UK oil and gas companyA private UK oil and gas company

oulton oil discovery & oulton west prospect (LICENCE P2504)

Summary

  • 32nd Round award - Corallian holds a 100% interest


                  Oulton Oil Discovery


  • Block 3/11a is adjacent to the Corallian licence P2464 and contains the Oulton oil discovery, drilled by Amoco in 1974 in the 3/11-1 and side-track 3/11-1ST wells  


  • Light oil was tested from the Jurassic Emerald sandstones contained within a simple series of three upthrown fault trap which are now well imaged on 3D seismic data.


  • The discovery is estimated to contain 10-20 million barrels of oil recoverable with the range of resources related to the three mapped fault blocks associated with the discovery (1C to 3C Contingent Resources based upon a CPR commissioned by the company with Schlumberger in 2018)


                  Oulton West Prospect


  • Block 3/11a also contains the Oulton West prospect, a structural stratigraphic trap at Emerald level which is up-dip and potentially connected to the Oulton discovery via a structural saddle mapped in the south-eastern limit of the prospect. The prospect has an estimated Pmean prospective resource of 37 mmboe (from CPR)


  • The Oulton West Jurassic prospect is overlain by an Eocene aged Frigg sandstone gas prospect which exhibits a direct hydrocarbon indicator (DHI) in the form of a full stack amplitude anomaly which conforms to depth structure at the mapped top reservoir horizon. The prospect has a mean prospective resource estimate of 22 bcf recoverable (Corallian estimate) 

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