Monday 1 July 2019

Operator Siccar Point Energy has completed an exploration well 208/02-1 on the Lyon Prospect in Licence P1854 in the West of Shetland. The purpose of the well was to test both a new play concept and an extensive seismic amplitude anomaly with attributes characteristic of gas accumulations. The target reservoir was Eocene Balder aged sandstone and the key risk was reservoir presence and quality.

The well was safely and cost effectively drilled to a depth of 4005m below sea level with the Diamond Ocean GreatWhite drilling rig in a water depth of 1452m. The target interval contained 44m of siltstone and claystone with gas shows but the well did not encounter reservoir quality sandstone. As a result, the well was plugged and abandoned.

The P1854 partnership is Siccar Point (33.34%, operator) and Ineos (66.66%).

Jonathan Roger, CEO of Siccar Point commented: “We look forward to continuing to explore the area, which we believe still has prospectivity, and will be looking at participating in forthcoming UK licensing rounds in order to do that.”