Assets - United Kingdom 
MPX is also responsible for the management of Sorgenia's UK asset portfolio. A summary of their combined interests follows:
|
Licence |
Block(s) |
MPX/Sorgenia Subsidiary |
Round Awarded |
Interest % |
|
15/28c |
Sorgenia E&P (UK) Ltd |
23rd |
20 |
|
|
113/26b & 113/27c |
MPX North Sea Limited |
24th |
25 |
|
|
110/4 & 110/9b |
Hannu Exploration Limited |
24th |
30 |
|
|
21/3f |
Sorgenia E&P (UK) Ltd |
25th |
20 |
|
|
29/9d |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
25th |
20 12.5 |
|
|
47/4d & 47/5d |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
25th |
15 35 |
|
|
3/3b |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
25th |
30 35 |
|
|
211/11b & 211/16b |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
25th |
15 15 |
|
|
20/7 |
MPX North Sea Limited |
25th |
30 |
|
|
47/10c & 48/6c |
Sorgenia E&P (UK) Ltd |
26th |
50 |
|
|
9/5b & 10/1b |
Sorgenia E&P (UK) Ltd |
26th |
25 |
|
|
9/9d, 9/14a & 9/15d |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
26th |
50 20 |
|
|
22/1a & 22/2c |
MPX North Sea Limited Sorgenia E&P (UK) Ltd |
26th |
40 30 |
(* Indicates operator)
Licences P1256 & P1560: Blocks 15/28c &
21/3f - Deacon South Prospect 
Partners: Sorgenia E&P (UK) Ltd
20%, *Nexen Petroleum U.K. Ltd 70%, Endeavour Energy UK Ltd 10%
Commitment: A firm well on Block 15/28c (fulfilled); a contingent well remaining on Block 21/3f
Following the dry well 15/28c-9 drilled in 2010, the Operator is now
reviewing the data to determine the impact on Deacon South, in particular the
prospectivity of the Kopervik Sandstone play.
Licence P1482: Blocks 113/26b & 113/27c -
Doyle Prospect
Partners: MPX North Sea Ltd 25%,
*Serica Energy Plc 65%, Agora Oil & Gas (UK) Ltd 10%
Commitment: Fulfilled
The Licence has now entered its second term. The Operator is evaluating the
remaining prospectivity with a view to drilling in 2012.
Licence P1548: Blocks 110/4 & 110/9b -
Marram Undeveloped Discovery
Partners: Hannu Exploration Ltd 30%, *Venture
North Sea Gas Ltd 70%
Commitment: Fulfilled
In July 2009, the Marram appraisal well 110/4-2, operated by Venture North
Sea Gas Ltd, was drilled by the Ensco 92 jack-up rig. It reached a depth of
2,020 ft and encountered a gas column of 469 ft in the Ormskirk Sandstone. The
Field is thought to contain approximately 50 bcf of hydrocarbons, not including
a material nitrogen content. It is hoped that the Operator will develop the
Field in the next two to three years.
Licence P1565: Block 29/9d - Cordelia Prospect
Partners: MPX North Sea Ltd 20%, Sorgenia
E&P (UK) Ltd 12.5%, *Venture North Sea Oil Ltd 67.5%
Commitment: 3D reprocessing (fulfilled) and one contingent well before 11th February 2013
Cordelia is a Paleocene Andrew prospect and some 500 kms2 of reprocessed data
was purchased in late 2009 to fulfil the commitment. As technical operator, MPX
has undertaken the work programme (interpretation and specialist geophysics) and
partnership is now evaluating the result.
Licence P1566: Blocks 47/4d & 47/5d - Pharos
Prospect
Partners: MPX North Sea Ltd 15%, Sorgenia
E&P (UK) Ltd 35%, *Dana Petroleum (UK) Ltd 50%
Commitment: One contingent well before 11th February 2013
Pharos is a Rotliegend prospect close to the giant West Sole Field in the
Southern Gas Basin. The Operator has reprocessed the existing 3D data to PSDM.
Interpretation is underway with a view to making a decision on drilling the
contingent well in early 2012.
Licence P1606: Block 3/3b - Orlando Undeveloped
Discovery
Partners: *MPX North Sea Ltd 30%, Sorgenia
E&P (UK) Ltd 35%, Iona Energy Company (UK) Ltd 35%
Commitment: 3D reprocessing (fulfilled) and one firm well before 11th February 2013
The pre-development project phase for the Orlando undeveloped discovery (originally tested at circa 3,000 bopd) has been completed and the Group is preparing to enter a full FEED study. Drilling of the appraisal well is scheduled for Q3 2011, with a possible first oil date of 2012 or 2013.
Licence P1633: Blocks 211/11b & 211/16b -
Lucius and Timon Prospects
Partners: *MPX North Sea Ltd 15%, Sorgenia
E&P (UK) Ltd 15%, Agora Oil & Gas (UK) Ltd 35%, Taqa Bratani Ltd 18%,
Wintershall E&P) Ltd 17%
Commitment: 3D reprocessing (fulfilled) and one firm well before 11th February 2013
Greater than 400 kms2 of reprocessed data has been purchased and reinterpreted. The Lucius Prospect has been confirmed and two further prospects added to the portfolio (including the Magnus Sand Timon Prospect). MPX hopes that the Group will drill on the Block in 2011 or 2012, targeting either Lucius or Timon.
Licence P1659: Block 20/7 - Bardolph
Prospect
Partners: MPX North Sea Ltd 30%, *Carrizo Oil
& Gas Inc 70%
Commitment: 3D reprocessing (fulfilled) and Drill or Drop before 2013
Bardolph is an undrilled Jurassic prospect. The 3D seismic reprocessing
commitment on the Licence was completed in early 2010 and the data will be
interpreted by the Company in 2011.
Licence P1742: Blocks 47/10c & 48/6c -
Blackadder Prospect
Partners: Sorgenia E&P (UK) Ltd 50%, *Dana
Petroleum (E&P) Ltd 50%
Commitment: 3D reprocessing and Drill or Drop before 2015
A 3D seismic reprocessing project (PSDM) is planned to define the
prospectivity of the Rotliegend in this area. The interpretation and prospect
definition should take place in 2012.
Licence P1762: Blocks 9/5b & 10/1b -
Socrates Prospect
Partners: Sorgenia E&P (UK) Ltd 25%, *Nexen
Petroleum U.K. Ltd 50%, Bayern Gas UK Ltd 25%
Commitment: 3D seismic purchase and Drill or Drop before 2015
The Group is buying long offset data over the Blocks, part of which is to be
shot in 2011. The fully processed dataset is anticipated to be available mid
2012.
Licence P1763: Blocks 9/9d, 9/14a & 9/15d -
Aragon Prospect
Partners: *MPX North Sea Ltd 50%, Sorgenia
E&P (UK) Ltd 20%, Bridge Energy (CNS) Ltd 30%
Commitment: 3D reprocessing and Drill or Drop before 2013
Data is being sourced to undertake a reprocessing study over the Blocks with
a view to developing the Aragon Prospect.
Licence P1793: Blocks 22/1a & 22/2c -
Flavius Prospect
Partners: *MPX North Sea Ltd 40%, Sorgenia
E&P (UK) Ltd 30%, Cirrus Energy UK Ltd 30%
Commitment: 3D reprocessing and Drill or Drop before 2013
A reprocessing project will commence in Q1 2011, with the interpretation and
confirmation of the Flavius Prospect in late 2011.
MPX/Sorgenia UKCS North Sea Assets
MPX/Sorgenia UKCS Southern Gas Basin Assets
MPX UKCS East Irish Sea Assets