i3 Energy today confirmed it had submitted plans for its North Sea Liberator field.
The independent operator, which is focusses solely on the UKCS, filed both its Environmental Statement and its Field Development Plan (FSP).
John Woods, i3’s chief developments officer, said: “Submission of the Liberator Field Environmental Statement for public and BEIS review marks another important milestone for i3 with respect to project delivery. Further, with the FDP review process, we continue to make excellent progress through the planning and approvals required to allow us to execute the field development during 2018.”
i3’s core asset is the Liberator oil field discovered by well 13/23d-8 located in License P.1987, Block 13/23d in which it has a 100% operated interest.
Liberator is close to the producing Blake field, 2 km (1.2 mi) from its drill centre.
The field was discovered in 2013 via an exploration well that penetrated lower Cretaceous Captain Sands of similar quality to Blake.
This encountered a 1.5-2.5 Darcy reservoir with 28% porosity containing 30.3° API oil with 1.9 cP viscosity, and a potential 24-80-ft (7.3-24-m) oil column within an elongated four-way structure at a depth of around 5,250 ft (1,600 m) TVDSS.
The company’s strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production.