Europa Hopeful of Ireland's Corrib North
UK explorer Europa Oil & Gas says it believes its northwest Irish offshore acreage holds gas prospects.
“A subsurface and production engineering consultancy has been commissioned to provide estimates for gas in place, prospective resources and possibly contingent resources for Corrib North in 1H 2018,” it said December 13, talking of its 100%-owned Licensing Option 16/20, north of the producing Corrib gas field.
The Corrib gasfield itself is operated by Shell, which is divesting its stake in a deal expected to complete 2Q2018.
Europa said December 13 it had mapped a number of significant structures at LO 16/20 [Corrib North] that are “potentially gas bearing” and “could contain in excess of 2.5 trillion ft3 of gas in place combined” – almost double its previous estimate was 1.4 trillion ft3 gas in place -- including the undrilled prospective gas-bearing Foyle, Foyle North and Foyle West prospects, about 16km north west of Shell-run Corrib.
“In 2010 Shell drilled the 18/20-7 exploration well onto the Corrib North structure in what is now LO 16/20. Corrib North is a separate anticline some 7km north of the Corrib gas field. This well was recently released into the public domain and, having studied the well data in detail, [Europa] believes the results are considerably better" that first suggested, said Europa.