DONG Energy is inviting companies to acquire up to 20% of its UK Atlantic Margin Licence P1195.
The low-risk Glenlivet prospect has been matured, with a gross P50 resource estimate of 300billion cu ft of gas and 3.7million barrels of condensate. AVO analysis and modelling indicates the high probability of a gas-filled reservoir.
A rig slot has been secured and the well is due to spud at the end of Q3 2009.
DONG says: “This is an excellent chance to join an active, large acreage holder in the prospective West of Shetland area. The P1195 licence is well positioned for development.”
One option would be via subsea satellite wells tied back to the Laggan development.