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Exploration Opportunities in Ireland: Overview and Prospects 2005

This presentation at AAPG Paris delves into Ireland's oil and gas exploration landscape, including seismic data, drilling status, reserves, licensing terms, and development initiatives. Detailed analyses on factors affecting exploration and production, demand for resources, and infrastructure are provided. Key areas such as Rockall Basin, Slyne Basin, Porcupine Basin, and Corrib Field are highlighted for their hydrocarbon potential. The session also covers initiatives to boost the sector and showcases discoveries like Dooish and Corrib to demonstrate Ireland's E&P potential.

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Exploration Opportunities in Ireland: Overview and Prospects 2005

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  1. AAPG, Paris 11-14 September 2005 Exploration Opportunities in Ireland Noel Murphy, Peter Croker, Michael Hanrahan & Clare Morgan Petroleum Affairs Division, Department of Communications, Marine & Natural Resources, Dublin

  2. TOPICS • INTRODUCTION • > OVERVIEW • EXPLORATION & PRODUCTION STATUS • > SEISMIC, WELLS & LICENCES • > PRODUCTION & DEVELOPMENT • 3. FACTORS EFFECTING E&P • > ACCESS TO DATA & INFORMATION • > DEMAND FOR OIL & GAS • > INFRASTURCTURE • > LICENSING TERMS • > PROSPECTIVITY • > ACCESS TO ACREAGE • 4. INITIATIVES TO PROMOTE THE SECTOR • 5. SUMMARY

  3. LAGGAN ROSEBANK - LOCHNAGAR BENBECULA DOOISH CORRIB IRELAND CONNEMARA 35/8-2 35/8-1 Kinsale Area Fields

  4. ‘Discoveries’

  5. 0 50 100 Kilometers

  6. Kish & CIS Basins Celtic Sea & Fastnet Basins 0 50 100 Kilometers

  7. Donegal Basin Hatton Basin Erris Basin Rockall Basin Slyne Basin Kish & CIS Basins Porcupine Basin Celtic Sea & Fastnet Basins Goban Spur Basin 0 50 100 Kilometers

  8. Rockall Basin 2 1 Donegal Basin Erris Basin 3 Slyne Basin 4 Porcupine Basin 26 Goban Spur Basin 1 OffshoreIreland 121 Exploration Wells (1971 – 2005) West of Ireland 37 Exploration Wells (1977 - 2003)

  9. Rockall N. Porcupine Oil Price Slyne/Erris/Rockall Porcupine S. Porcupine FRONTIER ROUNDS

  10. 1 : 9 1 : 4.5 Exploration wells drilled West of Ireland (1977 – 2004)

  11. Dooish Corrib Exploration Wells (1994 – 2005)

  12. TOPICS • INTRODUCTION • > OVERVIEW • EXPLORATION & PRODUCTION STATUS • > SEISMIC, WELLS & LICENCES • > PRODUCTION & DEVELOPMENT • 3. FACTORS EFFECTING E&P • > ACCESS TO DATA & INFORMATION • > DEMAND FOR OIL & GAS • > INFRASTURCTURE • > LICENSING TERMS • > PROSPECTIVITY • > ACCESS TO ACREAGE • 4. INITIATIVES TO PROMOTE THE SECTOR • 5. SUMMARY

  13. Seismic Acquired: 1965 - 2004 SEISMIC

  14. Wells Drilled: 1971 - 2005 WELLS

  15. Exploration Licences: 1970 – 2005 (end June – end December each year) LICENCES

  16. Production Forecast: P50 (Proven & Probable) Case RESERVES: 950 Bcf Approx. GAS PRODUCTION

  17. Concession Map with Gas Fields Corrib Field Kinsale Area & Seven Heads Fields

  18. TOPICS • INTRODUCTION • > OVERVIEW • EXPLORATION & PRODUCTION STATUS • > SEISMIC, WELLS & LICENCES • > PRODUCTION & DEVELOPMENT • 3.FACTORS EFFECTING E&P • > ACCESS TO DATA & INFORMATION • > DEMAND FOR OIL & GAS • > INFRASTURCTURE • > LICENSING TERMS • > PROSPECTIVITY • > ACCESS TO ACREAGE • 4. INITIATIVES TO PROMOTE THE SECTOR • 5. SUMMARY

  19. Projected gas demand* Gas Supply vs Demand Projected gas demand based on Gas 2025 Project, CW case.

  20. Infrastructure - onshore

  21. CORK Inch Terminal Infrastructure - offshore

  22. CORK Inch Terminal Corrib Gas Field Bellinaboy Terminal Infrastructure - offshore

  23. Ireland’s Licensing & Fiscal Terms • no state participation or royalties • 25 % corporation tax • generous write-off provisions • Frontier Exploration License Fiscal Terms Comparison, 2004; updated Sept 2005 Oil Fields Gas Fields

  24. Prospect Inventory Status: June, 2005

  25. 2005 NE Rockall Basin Licensing Round DOOISH Announced: 27 July 2004 Acreage on Offer: 65 full & 12 part-blocks Area: approx. 15, 800 sq km Licence Duration: 16 years Terms: 1992 Licensing Terms Closing Date: 31 May 2005 The hydrocarbon potential of this area has been illustrated by the Dooish discovery which encountered a significant column of hydrocarbons. 2005 NE Rockall Round 2/05 3/05 FEL 2/05: Shell (50%), Eni (40%) & OMV (10%) FEL 3/05: Island (100%)

  26. Rockall Basin Erris Basin SE NW A. Walsh et al. Statoil (1999)

  27. NW SE SRT-03 Dip Line Tertiary Cretaceous Pre-Cretaceous 2D seismic line from NE Rockall Basin Seismic courtesy of PGS

  28. 2006 Slyne / Erris / Donegal Licensing Round Announced: 25 January 2005 Acreage on Offer: Blocks to be announced Area: approx. 25,000 sq km (gross) Licence Duration: 15 years Terms: 1992 Licensing Terms Closing Date: 15 March 2006 The hydrocarbon potential of the area is illustrated by Corrib gas field. The infrastructure for the field could significantly reduce development costs for future diiscoveries. 2006 Slyne/Erris/Donegal Round

  29. Corrib Gas Field 18/20-3 Appriasal Well Base Chalk Tertiary Volcanics Bajocian Lst Sherwood

  30. MIDDLE JURASSIC OIL SHOWS LOWER TRIASSIC GAS DISCOVERY

  31. NW SE Corrib Development (1 tcf) Inishbeg Prospect E W Donegal Basin Inishbeg Prospect Corrib Analogue S. Boldy 2004

  32. TOPICS • INTRODUCTION • > OVERVIEW • EXPLORATION & PRODUCTION STATUS • > SEISMIC, WELLS & LICENCES • > PRODUCTION & DEVELOPMENT • 3. FACTORS EFFECTING E&P • > ACCESS TO DATA & INFORMATION • > DEMAND FOR OIL & GAS • > INFRASTURCTURE • > LICENSING TERMS • > PROSPECTIVITY • > ACCESS TO ACREAGE • 4. INITIATIVES TO PROMOTE THE SECTOR • 5. SUMMARY

  33. E&P PROMOTION • Early in 2004, Ireland embarked on a concerted campaign to promote the E&P sector. This has involved… • Consultation with the Industry • Scheduling of Licensing Rounds • Participation in Conferences, Exhibitions and Workshops, and • the putting in place and execution of a ‘business plan’ to address geotechnical and other factors likely to act as barriers to entry, perceived or otherwise, during 2005

  34. ‘Business Plan for Irish Oil & Gas Industry’ • The ‘business plan’ includes the following: • geotechnical studies to determine the yet-to-find hydrocarbon • resources of Atlantic Ireland basins, • 2) licensing, fiscal & commercial analyses to demonstrate that potential discoveries can be economically developed, and • 3) marketing of Ireland as a prime place to explore for oil and gas to the benefit of both exploration companies and the host country ... goal is to help Ireland become self-sufficient in natural gas (and oil) by 2015/2020 !

  35. ‘Business Plan for Irish Oil & Gas Industry’ • Present status: • Petroleum systems analysis completed for Slyne, Erris, Donegal basins by PGS and ACECA. Substantial Yet-To-Find resource potential has been established. • A new assessment of seismic data quality west of Ireland shows that while variable, very significant uplifts can be achieved • Licensing and Regulatory frameworks have been reviewed mapped out; ways to streamline are identified; and an open and developing gas market is available. NEXT STEP: beginning a regional resource evaluation of the other major Atlantic Ireland basins in October…

  36. ‘Business Plan for Irish Oil & Gas Industry’ Triassic Palaeogeography N. Meadows, 2004

  37. What Ireland has to offer: - Accessible data - Growing local energy demand - Developing infrastructure - Favourable terms - Acreage with good prospectivity - An easy place to operate, and - An exciting future… Welcome to…

  38. Welcome to…

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