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.
Licence Number: P2517
License Blocks: 14/26B
Operator: Tangram Energy Ltd
Partners and % interest:
100% Tangram Energy
License round acquired: 32
Asset Stage: Exploration
The company is 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