Irish explorer Providence Resources announced Thursday that 3D seismic survey operations have begun on Frontier Exploration Licence 1/14 (FEL 1/14), containing Spanish Point South, in the northern Porcupine Basin, offshore west of Ireland.
The seismic survey will cover a 280-square mile area some 85 miles from the west coast of Ireland and will take place in water depths ranging from 985 feet to 2,130 feet. The survey, which is designed to target the Upper Jurassic and Lower Cretaceous reservoir intervals that successfully tested gas condensate and oil from the Spanish Point and Burren discoveries, will be undertaken by Dolphin Geophysical's M/V Sanco Sword vessel.
Spanish Point South is operated by Cairn Energy subsidiary Capricorn Ireland, which has a working interest of 38 percent. Providence holds a 32-percent stake, while Chrysaor E&P Ireland Limited and Sosina Exploration hold 26-percent and four-percent interests respectively.
Providence Technical Director John O'Sullivan commented in a company statement:
"This new 3D seismic survey over the Spanish Point South area is our third such program in this part of the basin since 2009. When combined, these new data will allow for a comprehensive re-evaluation of the total hydrocarbon resource potential of this area, where previous wells have successfully tested both oil and gas.
"We believe that the key risk is reservoir quality, rather than hydrocarbon presence, and so we consider that modern high quality 3D seismic imaging will be a significant tool in reservoir prediction."
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