Claymore Complex

The Claymore complex is located within block 14/19 of the UK Continental Shelf in the Central North Sea, 161 kilometres north east of Aberdeen

The development consists of two fixed, steel bridge-linked platforms in 110 metres of water

This complex also includes the Scapa oilfield developed as a sub-sea tie-back to the Claymore platform, which produced first oil in 1985 and, Claymore also provides an up and over transportation service to Golden Eagle

Hydrocarbons are transported via a 14 inch oil export pipeline from Golden Eagle and delivered to the Claymore pipeline which provides transportation services to the Golden Eagle Group

Piper Complex

Piper was initially authorised for development in 1974 and lies within block 15/17 of the UK Continental Shelf in the Central North Sea, 193 kilometres north east of Aberdeen.

The Piper B platform was installed in 1992 and production commenced in 1993 and Piper B’s process facilities separate production from the Piper, Saltire, Chanter and Tweedsmuir reservoirs into oil, natural gas liquids and dry gas.

Scapa Field

The Scapa Field is located in UK North Sea Block 14/19 in the Witch Ground Graben, 112 miles northeast of Aberdeen and production from this sub-sea tie-back to Claymore is exported through the existing Claymore and Piper infrastructure.

The field was discovered in 1975 by the 14/19–9 well which tested 32° API crude from the Scapa Sandstone Member of the Early Cretaceous Valhall Formation.

The Claymore, Piper and Scapa oilfields are located in the Central North Sea (the “Claymore and Piper Complex”).

The Claymore and Piper Complex is subject to royalty units over 20% of its gross production and the revenues it generates that are owned by various parties.

Union Jack owns 2.5% of the Claymore and Piper Complex Royalty Units.

Further acquisitions are planned.

Analysis estimates a minimum 10 years remaining economic production life in the Claymore and Piper Complex.

What is a Royalty?

A royalty interest in the oil and gas industry refers to ownership of a portion of a resource, or the revenue it produces. A company or person that owns a royalty interest does not bear any of the operational costs needed to produce the resource, yet they still own a portion of the resource or the revenue it produces.

Claymore Complex

The Claymore complex is located within block 14/19 of the UK Continental Shelf in the Central North Sea, 161 kilometres north east of Aberdeen

The development consists of two fixed, steel bridge-linked platforms in 110 metres of water

This complex also includes the Scapa oilfield developed as a sub-sea tie-back to the Claymore platform, which produced first oil in 1985 and, Claymore also provides an up and over transportation service to Golden Eagle

Hydrocarbons are transported via a 14 inch oil export pipeline from Golden Eagle and delivered to the Claymore pipeline which provides transportation services to the Golden Eagle Group

Piper Complex

Piper was initially authorised for development in 1974 and lies within block 15/17 of the UK Continental Shelf in the Central North Sea, 193 kilometres north east of Aberdeen.

The Piper B platform was installed in 1992 and production commenced in 1993 and Piper B’s process facilities separate production from the Piper, Saltire, Chanter and Tweedsmuir reservoirs into oil, natural gas liquids and dry gas.

Scapa Field

The Scapa Field is located in UK North Sea Block 14/19 in the Witch Ground Graben, 112 miles northeast of Aberdeen and production from this sub-sea tie-back to Claymore is exported through the existing Claymore and Piper infrastructure.

The field was discovered in 1975 by the 14/19–9 well which tested 32° API crude from the Scapa Sandstone Member of the Early Cretaceous Valhall Formation.