Baron Oil PLC and its joint venture partners have relinquished License P2470 in the Inner Moray Firth (IMF), part of the UK Continental Shelf.
The license includes Blocks 11/23, 11/24c, and 11/25b surrounding the Wick prospect and containing the small Knockinnon oil discovery. The license was applied for before results were known of the 1/24b-4 Wick well, drilled at the beginning of 2019. The dry well subsequently downgraded prospectivity of the blocks. The modest work commitment on the license consisted of a small volume of 3D seismic reprocessing, which has been completed. Results were not encouraging, and the license was relinquished effective Mar. 31.