HOME OUR PORTFOLIO ABOUT US ESG BOND INVESTORS NEWS CONTACT US OVERVIEW SCHIEHALLION AREA CORONA RIDGE AREA MARINER AREA JADE AREA SCHIEHALLION AREA Schiehallion 11.75% (Shell 44.90%, BP 33.35% operator, Chrysaor 10.00%) Producing SCHIEHALLION FIELD The Schiehallion Field is located 175 km west of the Shetland Islands. Siccar Point acquired its 11.75% non-operated interest in the field from the takeover of OMV (U.K.) in January 2017. Schiehallion is the UK’s third largest field in production today* and was discovered in 1993 with first production in 1998. The field had produced 323 million barrels of oil in 15 years of production through a floating production, storage and offloading unit (FPSO). The reservoir is comprised of excellent quality stacked Tertiary sands deposited by deep water gravity flows that are able to be mapped on 3D seismic. The use of 4D seismic technologies has enabled better understanding of the location of the sand bodies, their connectivity, and the hydrocarbon volumes. As a result of these assessments the expected ultimate recoverable reserves have been substantially increased from 340 million barrels (original field development plan) to now over 850 million barrels with over 450 million barrels of remaining recoverable oil reserves. In 2011 the Schiehallion partnership sanctioned field redevelopment as part of BP’s Quad 204 project. The purpose built Glen Lyon FPSO has now replaced the old FPSO. Much of the subsea infrastructure has also been replaced. The field resumed production in May 2017 and will continue to produce until at least 2046. As well as re-using the existing well stock of 44 producers and injectors, an ongoing multi-year drilling programme is adding new wells to the field. There is also the opportunity to substantially enhance oil recovery through polymer flooding techniques. *Source: Wood Mackenzie Amos (204/25a) 35.30% (Shell 34.66% operator, Chrysaor 30.04%) Possible development AMOS FIELD The Amos Field is a small discovery made in 2008 located 5 km south of the Schiehallion Field. Siccar Point acquired its 35.3% non-operated interest in the field from the takeover of OMV (U.K.) in January 2017. The reservoirs in Amos are the same as in Schiehallion. It is expected that Amos will be developed as a sub-sea tie-back into Schiehallion. © Copyright Siccar Point Energy Ltd. Siccar Point Energy Limited 3rd Floor, H1 Hill of Rubislaw Anderson Drive Aberdeen AB15 6BY +44(0)1224 678008 info@siccarpointenergy.co.uk Design by Core Design Institutional Investors