North Sea newcomer Nordic Energy says it has identified up to 20 new prospects that could open up significant new plays in the region.
The explorers said the potential new finds, more than double the amount previously expected, would now be properly evaluated, but believed that they could open up ‘very substantial reserves’.
The company had originally identified eight prospects in the Danish North Sea, but drilling and reprocessing of data for the region had led to the new findings.
“Extensive technical work has been carried out in and around Licence 1/13 in the Danish North Sea, including 2D seismic data and the drilling of several wells,” said chief executive Rudolph Kleiber.
“This dataset represents a significant financial investment by previous operators and a valuable source of information about the hydrocarbon prospectivity of the Danish subsurface.
“In our initial round of technical work, we have re-evaluated this existing data and applied some advanced interpretation techniques, thus providing use with new information that has not previously been available.
“We are very encouraged by the results of our initial evaluation. We have now compiled a comprehensive prospect portfolio with multiple reservoir objectives and substantial risked reserves potential.”
The find, close to the established Siri and Central Graben fields, comes after investigation of the tertiary shallow gas prospects, which has now been combined with the previously mapped Rotliegendes and pre-Permian leads.
Nordic picked up an 80% stake in the field, described previously as ‘company-making’ last September, with estimates of up to 2billion barrels of oil on site.