Work has been completed by Norway’s Polarcus on a new 3-D survey over the deepwater Drombeg oil prospect in Frontier Exploration License 2/14 in the deepwater southern Porcupine Basin.
Using the Polarcus Amani survey vessel with a total of ten 8.1 km (5 mile) receivers in a 1,350 m (0.84 mile) wide array, the vessel was able to obtain 4,300 sq km (12,6598 sq miles) of data in 73 days in the frontier Atlantic Margin waters, operator Providence Resources reported.
Preliminary data from the shoot should become available by year-end, although Providence says a final data set will be available from March next year, in time for the closing of a 2015 Atlantic Margin licensing regime in September 2015.
Another regional 2-D survey over the Newgrange prospect in the Goban Spur basin off south-west Ireland is also nearing completion, Providence added.
Recommended Reading
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers.
Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
2024-04-24 - After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.