Kosmos Completes 3D Seismic Program off Ireland
Europa Oil & Gas reported Thursday that its partner, Kosmos Energy Ireland, has completed a 575-square mile 3D seismic data acquisition program on its FEL 2/13 and FEL 3/13 licenses in the South Porcupine Basin, offshore Ireland.
Europa said that processing of the newly-acquired seismic data has already begun and delivery of the processed data is expected during the first quarter of 2014. The firm said the dataset should enable detailed prospect mapping, with the intention of significantly de-risking the previously-identified prospectivity on both licenses.
Depending upon how the data is interpreted, the partnership believes it should have sufficient technical and commercial information to make a drilling decision during the second half of next year, with drilling taking place in 2015 or 2016 if a go-ahead is given.
Europa CEO Hugh Mackay commented in a company statement:
"The 3D seismic commitment of 740 square kilometers on each license has been fulfilled within just four-and-a-half months of the start date of FEL. This is fast track exploration as we, led by Kosmos, target similar Cretaceous plays in the South Porcupine basin to those that Kosmos successfully pioneered in the Atlantic Margin basins offshore West Africa.
"It is testament to the caliber of the operations teams at both Kosmos and Polarcus that we have successfully completed the seismic acquisition over both licenses, and effectively a year ahead of schedule. Subject to the results of the interpretation of the newly acquired data, we could be in a position to commence well planning in the second half of 2014, as we look to prove up the company-making prospectivity on both our Irish blocks."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call