Providence Reevaluates Heavy Oil Potential Offshore Ireland


Celtic Sea Basin
(Click to Enlarge)

Providence completed a technical assessment of the heavy oil potential underlying the Ardmore gas field, which was discovered by Marathon Oil in 1974, and comprises a gas cap with an underlying heavy oil (c. 16o API) accumulation. Recently completed work revealed the presence of a significant heavy oil resource at the nearby Baltimore discovery, prompting a re-evaluation of the resource potential within the Ardmore oil leg. Providence reevaluated a 2006 3D seismic survey, which suggests an in place resource potential of up to c. 230 MMbo on the Lower Cretaceous aged Ardmore field. Providence will now seek a heavy oil specialist to assess the discovery for potential future development. The Ardmore field is located in Standard Exploration License (SEL) 2/07 in the North Celtic Sea Basin and is located about 37 miles (60 kilometers) off the south coast of Ireland in 295 feet (90 meters) of water. Providence holds a 72.5% operated interest in SEL 2/07 with partners Atlantic Petroleum (18.3%) and Sosina Exploration (9.2%).

continue reading the full article

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Rock Springs: Entry Level to Senior Field Engineer - Logging
Expertise: Petroleum Engineering
Location: Rock Springs, WY
 
Completions Supervisor Job
Expertise: Petroleum Engineering|Production Engineering|Workover or Completion
Location: Houston, TX
 
Reservoir Engineer II Job
Expertise: Petroleum Engineering|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours