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)
