Notified by the UK Oil and Gas Authority, Australian-based Talon Petroleum has successfully joined a joint bid alongside with Netherlands-based partner ONE-Dyas. This was for a license over Block 1430b via the UK 31st Supplementary Offshore Licensing Round.
The license contains the Thelma Prospect, a Burns Sandstone stratigraphic trap and a 29mmbo (gross best estimate) prospective resource, Louise Prospect, a Piper Fault Block target and which contains a 17mmbo (gross best estimate) prospective resource; and the Buffalo Prospect, a Kopervik Sandstone target which contains a 160Bcf (gross best estimate) prospective resource. The new prospects sit adjacent to Talon’s 107mmboe (best estimate) Skymoos Prospect.
This license is the 5th UK North Sea asset acquired by Talon. This was ever since the company embarked on its UK North Sea strategy in mid-2018.