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Thunderball P2517

Thunderball is located in the Moray Firth Area in the Upper Jurassic Burns Sandstone. It was first discovered in 1997 with the 14/26b-05 well.

Thunderball

Licence Number: P2517

License Blocks: 14/26B

Operator: Tangram Energy Ltd

Partners and % interest:

60% Tangram Energy
40% Ithaca Energy

License round acquired: 32

Asset Stage: Exploration

The partners are working on defining a work program to progress towards drilling and development.

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  • Thunderball Licence P2517 is a joint venture between Tangram and Ithaca Energy located in the Centre of Moray Firth near the Halibut Horst and sits within the Lower Cretaceous and Upper Jurassic fairways
  • After rigorous technical analysis, it has been determined that Thunderball is fit for commercial development
  • Given the current macro-economic conditions with sustained high energy prices, Thunderball can begin production as early as 2024 and may be able to produce up to 60 MMscf/d
  • The proximity to infrastructure allows an economically viable tieback to Buzzard or Bloe Holm FPSO
  • This is a low risk and low capex investment with upsides from both additional Gas and Oil opportunities

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