|Europa interest||100% (operator)|
|Play||Cretaceous Shelf, Syn-rift, Pre-rift|
|Term||2 year Licensing Option|
LO 16/2 adjoins the eastern boundary of FEL 3/13 on the east flank of the Porcupine basin. Three new Pre-rift prospects with combined gross mean un-risked prospective resources of 1,010 million boe have been identified on LO 16/2 which is 100% owned by Europa. The three new prospects were mapped on Europa’s proprietary 3D seismic which was acquired in 2013 and covers both FEL 3/13 and LO 16/2. Resources and risks for PR1 and PR2 have been identified in a CPR by ERC Equipoise and those for PR3 are Europa’s in-house work.
|LO 16/2||Gross Prospective Resources million boe|
|Prospect||Un-risked||Chance of success||1 in|
There is clear technical and commercial synergy between LO 16/2 and FEL 3/13. The one year extension for FEL 3/13 phase 1 enables completion of technical work and integration with LO 16/2.