Mobil North Sea Offers UK Faroe/Shetland Basin Acquisition Opportunity


Faroe Islands
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IndigoPool reported that Mobil North Sea LLC is offering the opportunity for interested parties to acquire its entire equity in License P.967, blocks 214/4a, 214/5a, 214/9a and 214/10a, located in the UK sector of the Faroe/Shetland Basin.

The license contains two gas discoveries, Tobermory (214/4-1) with an estimated mean to P10 GIIP volume range of 900 BCF to 1,325 BCF, and Bunnehaven (214/9-1) with an estimated mean to P10 GIIP volume range of 130 BCF to 205 BCF. There is also the opportunity for deeper potential.

Mobil is Operator, with a 20% equity. The blocks are fully covered by a 3D seismic survey. There are no outstanding work commitments and the license is valid until April 2045.

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