Buchan & J2

Licence: P2498 Blocks 20/5a & 21/1a
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2498 is a Straight to Second Term licence and, as such, does not have an associated minimum work programme attached to it.  However, JOG has agreed with the OGA that certain work will be undertaken within certain timescales (“Milestones”). These Milestones are related to the redevelopment of the Buchan oil field and to the development of the J2 oil discovery.

Blocks 20/5a & 21/1a contain the Buchan oil field, the J2 (well 20/5a-10Y) oil discovery and the Buchan Andrew oil discovery.

Verbier

Licence: P2170 Blocks 20/5b & 21/1d
Area: North Sea

PartnersCurrent working interest levels %
JOG100*

*Subject to completion of the acquisition of CIECO V&C UK Limited as announced on 26 November 2020

Blocks 20/5b and 21/1d were awarded as a Traditional Licence in the 28th Licencing Round. The blocks lie approximately 100km northeast of Aberdeen, close to the Buchan and Tweedsmuir North and South oilfields and straddle the western end of the North Buchan Trough.

The licence is now in its Second Term with all licence working obligations having been fulfilled.

P2170 contains the Verbier oil discovery and three drill ready prospects in Verbier Deep, Wengen and Cortina NE (J64).

Glenn

Licence: P2499 Block 21/2a (Glenn)
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2499 Block 21/2a contains the Glenn oil discovery. The licence is classed as an Initial Term, Phase A with a two (2) year duration to perform technical studies to evaluate further the Glenn oil discovery. The licence working obligations include a Drill or Drop obligation to be elected after two years.

JOG has recently undertaken a comprehensive subsurface evaluation of the Glenn oil discovery using the 2018 PGS 3D broadband seismic data and is currently undertaking a commercial assessment with a view to evaluating development options.

Zermatt

Licence: P2497 Block 20/4c (Zermatt)
Area: North Sea

PartnersCurrent working interest levels %
JOG100

Licence P2497 Block 20/4c contains the Zermatt and Chamonix prospects and the Courchevel lead. The licence is classed as an Initial Term, Phase A with a two (2) year duration to perform technical studies to evaluate further the exploration potential in Block 20/4c. The licence working obligations include a Drill or Drop obligation to be elected after two years.

Further to a comprehensive subsurface evaluation of P2497 using the 2018 PGS 3D broadband seismic data, the Zermatt prospect has been matured to drillable status.

Athena

Licence: P1293 Block 14/18b
Area: North Sea

PartnersCurrent working interest levels %
Ithaca (Operator)22.5
Dyas17.5
Parkmead30.0
Spike15.0
*Trap Oil Ltd (JOG)15.0
*Trap Oil Ltd (JOG) has no economic interest in the field

Block 14/18b is located in the North West Witch Ground Graben in the Moray Firth and contains the Athena oil field.

On 21st December 2012 Trapoil completed the acquisition of a 15 per cent. working interest in Athena from Dyas UK Limited.

Athena ceased production in January 2016.