P2480 Licence, Offshore UK (zeta)
In August 2019, United Oil & Gas were awarded 100% interest in Licence P2480 as part of the UK 31st Licensing Round. The licence covers an area of approx. 500km2 and includes blocks 14/15c, 15/11c, 15/12a and 15/13c in the Outer Moray Firth Basin. These blocks are located near the Crown, Marigold, Sunflower and Yeoman discoveries, as well as the Piper and Claymore fields and associated infrastructure.
In August 2021 a binding SPA was signed to sell United’s UK Central North Sea Licences P2480 and P2519 to Quattro Energy Limited for a headline consideration of up to £3.2 million (c. US $4.4 million).
Location of the P2480 Licence and surrounding fields, discoveries and infrastructure
The 3-year committed work programme for the licence includes the purchase and interpretation of 3D seismic as well as geological and geophysical studies.
Prospectivity identified on Licence P2480
The P2480 Licence contains multiple prospects and leads in proven plays in the basin. These include the Zeta Prospect which is estimated to contain a mean unrisked in-place volume of 90mmbbl*.
Depth Map for the Palaeocene Zeta Prospect