UK North Sea
i3 holds licence P.2358 in the Outer Moray Firth area of the United Kingdom continental Shelf (UKCS) which contains the Serenity field discovery. Europa Oil and Gas (EOG) completed a farm-in to the Serenity area by paying a promoted interest in the 13/23c-12 well in 2022. The current working interests in the Serenity area are i3 Energy 75% and EOG 25%. The licence also contains the Liberator field discovery and the Minos High prospect. The licence is situated between the producing Captain field to the Northwest and the producing Blake field to the East. The Tain field is situated immediately East of the Serenity discovery and is awaiting development sanction.