UKCS P2235 – Wick
Baron earned a 15% interest in P2235 (Block 11/24b) by paying a disproportionate share of the Wick exploration well (11/24b-4), on which drilling commenced on 24 December 2018 using the Ensco-72 jack-up rig.
This well tested the Wick Prospect, drilled on a closure within the Wick structural complex that was thought to be capable of containing Pmean recoverable Prospective Resources of some 26 mmbbls of oil equivalent. Drilling reached a TD of 1,000m MD, but failed to encounter hydrocarbons and the well was plugged and abandoned on 16 January 2019. The primary target of the well, The Beatrice Sandstone, had a net thickness of 19.8m with 17.2% average porosity. Unfortunately, the presence of a thick, poorly-cemented sand body above the target reservoir created problems in running and cementing casing , leading to cost overruns.
No further activity is currently planned on Licence P2235.
Location map, showing Baron acreage in diagonal stripes on yellow
Depth map at top Beatrice Sand level (from 3D seismic interpretation)
Interpretation shows the Wick structure to be closed and sealed by thick Kimmeridge Clay. The drilling location lies significantly up-dip from the Lybster oilfield spill point. Risk lies mainly in seal integrity and reservoir quality.
The structure is bounded by complex strike-slip and thrust faulting and mapping has defined deeper closures within the Wick Structural Complex with Prospective Resources that will not be tested by the first well.