Holt Energy Advisors have been appointed as advisor to Odin Energi who are looking for a partner(s) to join them in progressing the development of the Ataya discovery and further exploration of Block 15 in Oman. The licence is covered with pre-existing 2D data as well as more recently acquired 3D surveys. The Ataya discovery was originally drilled in 2017 and Odin Energy now wishes to re-enter the Ataya-1 well and sidetrack the well towards the crest of the structure as well as drill 2 further exploration prospects within the licence.

Project Summary

Block 15 contains a mix of appraisal/development and low-risk exploration prospectivity covering an area of 1,400 Km² in the North Oman Basin. The licence is covered with pre-existing 2D data as well as more recently acquired 3D surveys. The Ataya discovery was originally drilled in 2017 and Odin Energy now wishes to re-enter the Ataya-1 well and sidetrack the well towards the crest of the structure and the development could recover 2 mmbbl of oil from the Naith C formation and further potential from the Naith A. The Ataya area is covered and mapped with very high spec 3D acquired by OXY. The forward work plan is to sidetrack the Ataya-1 well and after acidizing, putting the well on a long-term test to consider how to optimise the development of the full structure.

Also on the block are the Thimar and Prospect-8 exploration targets with prospective resources of 10 and 7 mmbbl respectively which Odin would like to drill in 2021-22.

Odin Energi are seeking a partner(s) to join them in the exploitation of the licence which is expected to yield term term production from the Ataya development and material upside from the exploration potential on the block.

Project Detail

• Project: Farmdown with significant equity share available
• Country: Oman
• Basin: Northern Oman Basin
• Seller: Odin Energy Oman (100% Working Interest)
• Contract: PSC Contract originally signed in 2005
• Current Phase: Development plus Exploration Upside Drilling
• Hydrocarbon Type: Oil
• Dataroom Opening: Open Now

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