The Rocket Prospect (“Rocket”), which lies within Licence P2392, was acquired by Talon through the acquisition of Encounter Oil Limited (for further information, please refer to the announcement on 31 January 2019).
Located in the oil-rich western margin of the North Sea Central Graben
The Licence area borders to the south of the Catcher, Varadero, and Burgman discoveries which were all made by the EnCounter team whilst at EnCore Oil and Rocket is analogous to the Catcher Area Fields
Like the adjacent discoveries to the north, Rocket has a distinctive amplitude response on seismic data, which allowed a faultless exploration program to discover a significant reserve base and now sees the greater Catcher Field Development Area producing at 70,000 bopd
A Palaeocene age Cromarty reservoir prospect with additional potential in the overlying Tay Sand
shallow, low-cost drilling using a jack-up rig
Covered by continuous 3D seismic data set and with significant well control immediately to the north