Swift Exploration Limited is a private oil and gas exploration company formed in 2003. It focuses on developing exploration and production opportunities in the North Sea and the UK onshore for farm-out/sale. Swift has promoted a number of opportunities in the Southern North Sea.
Swift Exploration Ltd has 2 offshore blocks currently available for farm-in or purchase, Block 49/29c has a low risk Rotliegendes exploration opportunity supported by a DHI and is close to long term export facilities. Block 15/19b contains the Balmoral sand Crown oil discovery.
Swift Exploration also has 6 onshore blocks operated by Cirque Energy, 4 in the East Midlands basin and 2 in the Weald basin. The East Midlands blocks contain the Branston oil discovery in basal Westphalian sands. The block in the Weald basin has a mapped extension of the Stockbridge and Goodworth oil fields which produces from the Middle Jurassic Great Oolite.
Swift has a licence application for Netherlands block P01 (Gazetted Dec 2017) which contains 2 gas discoveries in the Rotliegendes (Schlocteren) reservoir.
Block 49/25c contains the Acle prospect with over 200BCF Methane gas in a low risk structure and Rotliegendes reservoir. Swift has secured significant funding towards a well on the Acle prospect and currently has 30% equity available for additional partners. The Sean facilities are obvious potential export route they have a long life and the gas will be very similar to Sean Gas with very low carbon dioxide content. The minimum commercial threshold is 20BCF
Block 15/19b Crown Discovery
The Crown oil discovery was made in the Palaeocene Balmoral Sandstones in 1998 by ConocoPhillips with the 15/19-9 well. Crown has up to 16mmbbls reserves. A work programme involving rock physics modelling and seismic reprocessing is now underway.
The Branston well encountered oil bearing basal Westphalian sands in a downthrown fault and dip closure against the Nocton High .
A 2018 inversion of the 3D seismic data shows thickening basal sands away from the well and 5.8mmbbls of reserves.
Andover (Greater Stockbridge Extension)
A Greater Stockbridge field has been mapped based on seismic and an ODT of 3515 recognised in Goodworth and Stockbridge wells. Greater Stockbridge in the Andover licence is likely to contain the Humbly Grove oolitic facies with potential reservoir flows over 1000 BOPD. 2.8 mmbbls of reserves are identified on our Andover licence within the Greater Stockbridge field.