1 / 15

Atlantic Ireland Round 2011 - Opportunity for Exploration in Rockall, Porcupine, Slyne/Erris & Goban Basins

Applications are invited for Licensing Options in the Northwest Carboniferous Basin and the Clare Basin. Explore diverse reservoirs and trapping styles in the Rockall, Porcupine, Slyne/Erris, and Goban Basins. Improved access to data and opportunities for smaller exploration companies. Deadline: 11th June 2010.

jmccaffrey
Download Presentation

Atlantic Ireland Round 2011 - Opportunity for Exploration in Rockall, Porcupine, Slyne/Erris & Goban Basins

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AAPG Annual Convention & Exhibition New Orleans, 13 April 2010 DCENR Adelaide Road Dublin 2, Ireland 2007

  2. Hatton Basin Slyne-Erris-Donegal Basins Rockall Basin Porcupine Basin Celtic Sea Basins Goban Spur Basin

  3. Exploration Licence Licensing Option Petroleum Lease Concession Map April 2010

  4. ONSHORE IRELAND LICENSING 2010 Applications are invited for Licensing Options over the Northwest Carboniferous Basin and the Clare Basin. Applications may be submitted up to 12 noon on Friday, 11th June 2010. Full details are available on www.pad.ie

  5. Total exploration wells offshore Ireland: 128 (includes 41 WOI) Total appraisal wells: 27 Total development wells: 24 Exploration Wells (1970 – 2009)

  6. DOOISH Gas / gas condensate CORRIB Oil CONNEMARA BANDON BALLYCOTTON SPANISH POINT HELVICK BURREN HOOK HEAD OLD HEAD SEVEN HEADS KINSALE HEAD SCHULL Key Discoveries (1970 – 2009)

  7. North East Rockall Margin New Play Concept 2.5 bboe Key Play: Permo-Trias / Middle Jurassic Source: Upper and Lower Jurassic Traps: Inversion/Tilted Faults Key Risk Reservoir prediction South East Rockall - Perched Basins Frontier Play 2.5 bboe Key Play: Triassic and Middle Jurassic Source: Upper and Lower Jurassic Traps: Inversion/Tilted Faults Key Risk Model driven/unproven South Porcupine Frontier Play 1 bboe Key Play: Lower Cretaceous & Jurassic Source: Upper Jurassic Traps: Inversion/Tilted Faults Key Risk Model driven/unproven North Porcupine Frontier Play 2 bboe Key Play: Cretaceous & MiddleJurassic Source: Upper Jurassic Traps: Inversion/Tilted Faults Key Risk Reservoir Slyne, Erris, and Donegal Proven Play 1 bboe Key Play: Permo-Triassic Source: Carboniferous Traps: Inversion/Tilted Faults Key Risk Seal Recent Petroleum Systems and Resource Assessment Studies

  8. LICENSING & FISCAL TERMS Features of 1992 terms • no state participation or royalties • 25 % corporation tax • generous write-off provisions • Frontier Exploration Licenses Features added in 2007 • 0-15% RRT for profitable fields • 12 year minimum period for Frontier licences • confidentiality periods reduced to 4 years

  9. DESPITE DEMONSTRATED PROSPECTIVITY AND FAVOURABLE TERMS • TOO FEW WELLS • PLAYS NOT BEING TESTED FAST ENOUGH • NEED TO BRING IN MORE EXPLORERS

  10. DESPITE DEMONSTRATED PROSPECTIVITY AND FAVOURABLE TERMS • TOO FEW WELLS • PLAYS NOT BEING TESTED FAST ENOUGH • NEED TO BRING IN MORE EXPLORERS

  11. DESPITE DEMONSTRATED PROSPECTIVITY AND FAVOURABLE TERMS • TOO FEW WELLS • PLAYS NOT BEING TESTED FAST ENOUGH • NEED TO BRING IN MORE EXPLORERS FEEDBACK • Make it easier for smaller companies to enter • Have less prescriptive work programmes • Give more time to firm up drilling plans • Acquire more data • Make data more freely available…

  12. MAJOR ATLANTIC IRELAND ROUND FOR 2011 PREVIEW Round planning at advanced stage Details to be announced shortly Closing date expected to be End Q1, 2011 Rockall Basin Slyne - Erris Basins Highlights All areas WOI with proven petroleum systems to be included Diverse reservoirs and trapping styles; numerous undrilled prospects with potential for giants Round to cover Rockall, Porcupine, Slyne/Erris & Goban basins for first time A less onerous ‘front-end’ option-style authorisation will feature Enhanced opportunities for smaller exploration companies and contractors Easier access to data under consideration Porcupine Basin Goban Spur Basin

  13. Key References • Regional prospectivity assessments are available for the Atlantic Ireland basins, as follows • PAD/DCENR Special Publication 1/05 • Petroleum Systems Digital Atlas for The Slyne, Erris and Donegal basins • PAD/DCENR Special Publication 3/06 • Petroleum Systems Digital Atlas for the Rockall and Porcupine basins. • For up-to-date information on the important commercial aspects of Irish E&P including the procedures and benefits of doing business in Ireland you are referred to • PAD/DCENR Special Publication 1/09 • Commercial Handbook • Details of these and other special publications are contained on www.pad.ie • Several research studies have been sponsored in the area by the Petroleum Infrastructure Programme (PIP). Details are contained on www.pip.ie

  14. Plate reconstruction of the North Atlantic shows a juxtaposition of the Rockall and Porcupine basins with the Orphan and Flemish Pass basins offshore Newfoundland. This gives fresh insights into the distribution of exploration plays, including depositional environments and reservoir prediction, between Atlantic Ireland and the more mature petroleum provinces of eastern Canada. IS08/05 – Kinematic Plate Reconstruction IS09/06 – Proposed Integrated Deep Seismic

  15. Data & Information SPATIAL DATA www.pad.ie INDUSTRY DATA www.pad.ie RESEARCH DATA www.pip.ie

More Related