Harvey & Truman

48/23c & 48/24b (P2085) (Source: Wood Mackenzie PathFinder/IOG)

The Harvey licence, P2085, was awarded to IOG at 100% Working Interest in December 2013. The Oil and Gas Authority (“OGA”) has confirmed the continuation of licence P2085, which contains the Harvey discovery, until 20 December 2017. A commitment to drill an appraisal well by December 2019 has been made along with a request to extend the licence by a further 2 years

During 2016, IOG completed a detailed 3D seismic reprocessing and interpretation project across the wider Blythe area and acquired additional 3D seismic data covering an area to the east of the Harvey well (48/23-2) drilled by Arco in 1984. This work was shared with ERC Equipoise who estimate the unrisked prospective resources as follows.

On Structure:

GIIP (Bcf) Low Best High
Harvey 71 176 437
Resources (Bcf) Low Best High
Harvey 45 114 286

On Block:

GIIP (Bcf) Low Best High
Harvey 56 139 345
Resources (Bcf) Low Best High
Harvey 36 90 226

N.B. Plans underway to licence all Harvey resources
CPR Geological Chance of Success (50%)
(Source: ERC Equipoise CPR November 2017)

Harvey is located in the well understood Leman Sandstone Formation play. If successfully appraised, it has the potential to be the largest gas discovery in the IOG portfolio and could significantly enhance the economics of IOG’s Southern North Sea business.