ExxonMobil Reports Irish Atlantic Margin Farm-In Opportunity

ExxonMobil Exploration and Production Ireland (Offshore) Limited is offering the opportunity for interested parties to acquire an equity interest in the Dunquin blocks in the Porcupine Basin on the basis, and subject to the conditions, outlined in the Executive Summary.

Two main prospects, Dunquin South and Dunquin North, have been identified on the acreage on offer. Both prospects are anticipated to be gas/condensate bearing. ExxonMobil estimates that the Dunquin South prospect has an unrisked mean recoverable volume of 4.4 TCF natural gas and 160 million barrels of condensate and the Dunquin North prospect has 4.0 TCF and 156 million barrels. The corresponding estimated P10 volumes are 9.5 TCF natural gas and 340 million barrels of condensate (Dunquin South) and 8.6 TCF and 322 million barrels of condensate (Dunquin North).