Eni to Acquire 3D Seismic in FEL 3/04 in Porcupine Basin

Source: www.gulfoilandgas.com 4/3/2017, Location: Europe

Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company (Providence), provides an update regarding Frontier Exploration Licence (FEL) 3/04 located in the southern Porcupine Basin. FEL 3/04 is situated in c. 1,500 metre water depth and is c. 200 km off the south-west coast of Ireland. The licence is operated by Eni Ireland BV (36.913%) on behalf of its partners Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%) and Sosina Exploration Limited (2.684%) (together, the “JV Partners”).

The JV Partners have agreed to underwrite and licence 1,800 km2 of new multi-client 3D seismic data over FEL 3/04. Mobilisation of CGG Oceanic Caspian, which will conduct this data acquisition programme, is expected to commence imminently. The main objective of this new 3D seismic survey is to understand the hydrocarbon potential of the undrilled Lower Cretaceous Dunquin South carbonate exploration prospect.

In addition, it is hoped that these new data may shed further light on the 2013 ExxonMobil-operated 44/23-1 exploration well, that was drilled on the adjacent (c.20 km) Dunquin North carbonate prospect and which encountered a large residual oil column in a massive highly porous over-pressured carbonate reservoir system. A further objective for the new survey is to assess the nature and hydrocarbon potential of the c. 700 km2 Dunquin Ridge which underlies both Dunquin carbonate build-ups and which was not penetrated by the previous well.

Commenting on the announcement, Dr John O’Sullivan, Technical Director of Providence said:

“The revised ENI analysis of the 2013 44/23-1 Dunquin North well has highlighted material resource potential associated with the Dunquin South exploration prospect. This is evidenced by the significant commitment now being made by the JV Partners to underwrite and licence a block-wide 3D seismic survey over both the Dunquin North and Dunquin South carbonate build-ups. We hope that the results of this survey will improve our understanding of the acreage and lead to further drilling in the future.”


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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