i3 Energy Bullish on Serenity Prospect

Laxman Pai
Friday, December 14, 2018

UK-based oil and gas exploration firm i3 Energy PLC said its Serenity prospect in the North Sea "provides significant organic growth" for its Liberator development.

The company estimates that Serenity contains P50 stock tank oil-initially-in-place of 197mln stock tank barrels.

The North Sea-focused oil and gas company said Serenity is an amplitude supported feature that has an areal extent of circa 10 km2  and is interpreted to be the westerly extension into Block 13/23c of the Tain discovery.

The Tain discovery well, drilled in September 2005, encountered 32° API oil in Captain and Coracle sands and was subsequently appraised by three wells, it said in a press release.

i3 estimates Serenity to have a P50 STOIIP of 197 MMstb, bringing the total potential un-risked Mid case STOIIP within i3 Energy's licenced areas containing the Greater Liberator development and the Serenity prospect to greater than 500 MMstb.

Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.

Majid Shafiq, i3's CEO, said: "The Serenity prospect provides significant organic growth potential to i3 beyond our plans for the Liberator development and demonstrates the quality of the licence we acquired in the 30th Round."

Categories: Offshore Offshore Energy Europe Production

Related Stories

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

CNOOC Starts Production at Offshore Field in South China Sea

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

BW Opal FPSO Vessel set for Work off Australia

Indonesia's Medco Starts Production at Natuna Sea Fields

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Petrovietnam, Petronas Extend PSC for Offshore Block

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com