The UK’s i3 Energy is planning to list on the stock market after acquiring the UK North Sea Liberator oil discovery, which it hopes to potentially bring to development this year.
Liberator is immediately adjacent to the producing Blake field, 2km from the Blake field’s drill center. The field was discovered in 2013, in Lower Cretaceous Captain Sands of similar quality to the Blake field.
A field development plan is being finalized for final regulatory approval and is undergoing evaluation by independent engineering evaluators as part of i3’s plan to publicly list the company on the London Stock Exchange. i3 says it is also working with the supply chain with plans to potentially start operations this year.
The discovery well proved a 1.5 to 2.5 Darcy reservoir with 28% porosity containing 30.3° API oil with 1.9 centipoise viscosity and an established oil water contact that maps a potential column of oil ranging from 24-80ft within an elongate four-way structure at a depth of approximately 5250ft true vertical depth subsea.
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