Corallian Energy can start marketing its 174 million barrel Dunrobin prospect again after an exclusivity period with a “large European E&P company” ended.
Upland, which holds 40% of the licence, said today that the technical studies had been presented to the joint venture partners.
Upland CEO Bolhassan Di said the studies “confirmed and enhanced” their “geological understanding” of this prospect.
He added: “We and our partners will incorporate the results into the ongoing work including the seismic reprocessing in order to further reduce the pre-drill risk on the Dunrobin and Golspie prospects.”
There was no mention of a farm-out deal being agreed, but the partners did say the “confidentiality period” between the JV and interested party continues.
Operator Corallian holds 45% and Baron has the remaining 15%.cor