Blocks 14/20g & 15/16g
Pharis 50%, Parkmead 50% & Licence Administrator
|Block||14/20g & 15/16g|
|Equity||Orcadian 50%, Parkmead 50% (administrator)|
|Licence status||Phase A, initial term|
|2C contingent resources||29 mmbbls|
|Oil gravity ˚API||10.6˚|
|Porosity||31% (Fynn, Beauly)|
Fynn – Beauly is a very large viscous oil discovery, updip from the Lowlander oil field. The entire discovery extends across a number of blocks and is estimated to contain oil in place of between 602 and 1343 million barrels. Blocks 14/20g & 15/16g contain a section of the discovery to the south, with oil in place of between 77 and 202 million barrels.
The second discovery, Fynn – Andrew, is wholly contained on the blocks and holds 50 million barrels of oil in place on a P50 basis. There is also an oil prospect in the Piper Formation on the licence. Orcadian management estimate that the net 2C technical contingent resource on these discoveries totals about 29 mmbbls.