Woodside Energy and its partner Petrel Resources successfully completed the Bréanann 3D seismic acquisition program that covered over some 2392sq km of the northern Porcupine Basin, 150km west off the Kerry coast, south-western Ireland.
The 3D seismic was acquired over 40 days with PGS as the contractor at water depths of 500-1300m.
About 1400sq km is directly over or around FEL 3/14, in which Petrel has a 15% interest.
Processing of the (pre-stacked depth migration) seismic data is now underway at the DownUnder GeoSolutions (DUG) operation in Australia. Petrel said it expects early results in January, with interpretation complete by mid-2017.
“This work is intended to de-risk the identified primary targets of Upper Jurassic to Lower Cretaceous age, which may lead to one or more well commitments in the phase 2017 through 2021,” Petrel said.
Petrel has a 15% carried interest in two Frontier exploration licenses, FEL 3/14 and FEL 4/14, which total 1050sq km and are operated by 85% holder Woodside Energy.
Petrel recently applied under the 2015 Bid Round and was awarded an additional two licensing options, LO 16/24 and LO 16/25. Petrel operates and owns these licensing options 100%.
During that Irish Atlantic Bid Round, 17 companies applied for 46 licensing options - the most successful Irish Bid Round yet. Among the successful companies were ExxonMobil, Statoil, Eni, Nexen-CNOOC and Woodside.
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