Anasuria Hibiscus UK Ltd. (AHUK), Ithaca Oil and Gas Ltd., and Caldera Petroleum UK Ltd. have entered into a unitization and unit operating agreement (UUOA) to jointly develop Marigold field in the UK Central North Sea about 250 km northeast of Aberdeen in 140 m of water.
Marigold West and Marigold East fields will be combined to allow optimal field development.
An integrated project team led by AHUK, comprising AHUK personnel and Ithaca secondees will develop the Marigold Field Development Plan (FDP). FDP submission is targeted by early calendar year 2024.
AHUK holds 87.5% interest in license P198 Block 15/13a, which contains Marigold West field, with Caldera holding the remaining 12.5%. Ithaca holds 100% in license P2158 Block 15/18b, adjacent to Marigold West field and containing Marigold East field. Pursuant to the UUOA, the respective unit participations in the unitized Marigold field (Marigold West and Marigold East) will be AHUK (61.25%), Caldera (8.75%), and Ithaca (30.00%).
Sunflower field, in Block 15/13b and part of license P198, will be developed by AHUK and Caldera as a subsea tie-in to the Marigold project, and the FDP will be submitted separately from Marigold and does not form part of the UUOA. As per license P198 interests, AHUK holds 87.5% and is the operator of Sunflower field while Caldera holds 12.5%
Anasuria Hibiscus UK Ltd. is a wholly owned subsidiary of Hibiscus Petroleum Berhad, and Ithaca Oil and Gas Ltd. is a subsidiary of Ithaca Energy Ltd.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
