Capricorn has built a strong position in the UK’s mature and emerging basins by acquiring exploration acreage and participating in licensing rounds.
In the UK Southern North Sea, Capricorn is the Operator of five licences alongside our joint venture partner, Deltic Energy Plc. Capricorn holds interests in the following licences: P2428 and P2567 (60% WI) and P2560, P2561 and P2562 (70% WI). We completed the acquisition of nearly 700km2 of broadband 3D seismic data over the P2428 licence and surrounding area in November 2021, which fulfils the work programme commitments for the current and next phases and will inform a drilling decision in the coming year.
The Diadem exploration well 22/11b-14 in licence P2379 spudded in Q2 2022 and reservoired hydrocarbons were not found. Operations have begun to permanently plug and abandon the well.
The Jaws well completed in H1 2022 and was unsuccessful.