* Shell are in the process of divesting 35% to Chrysaor
The Jade Field is located in the Central North Sea area 240 km east of Aberdeen. Siccar Point acquired a 5.57% non-operated interest in the field from the takeover of OMV (U.K.) in January 2017.
Jade was discovered in 1996. Jade is a gas/condensate field which came onstream in 2002 as part of the ConocoPhillips operated J-Fields complex. Production is through 9 wells via a normally unmanned platform which ties back to the Judy Field. The reservoir is Triassic sandstones. To date the field has produced 46 million barrels of oil and 640 billion cubic feet of wet gas and is anticipated to continue producing beyond 2030.
There is material upside in the undrilled Jade South area. A well is expected to be drilled in this area within the next 3 years.
The Jackdaw Field is located in the Central North Sea area 250 km east of Aberdeen and 10 km north-east of Jade. Siccar Point acquired a 26% non-operated interest in the field from the takeover of OMV (U.K.) in January 2017.
Jackdaw was discovered in 2005 and has subsequently been appraised by two additional wells. The field is a gas/condensate accumulation in Jurassic sandstones. The structure is an intra-basinal high located in the East Central Graben area of the Central North Sea. The overall structure is divided up into a number of fault compartments. Two of the fault compartments have been drilled with proven hydrocarbons.
The field is currently being re-assessed by the operator with a decision on forward activity expected later in 2017. A full field development would be expected to produce well over 100 million barrels of oil equivalent.