Durresi Well Could Start in 2014 - San Leon

International shale explorer San Leon Energy has updated on its Durresi Block, offshore Albania, that contains the Alban Structure. The company says an exploration well could start operation next year.

San Leon internal management estimates for the Alban Structure indicate it contains prospective resources of approximately 3.2 TCF of gas and 145 mmbbls of gas condensate. Estimates for the identified prospects and leads on the Durresi Block indicate it contains prospective resources totalling up to two billion barrels of oil equivalent of un-risked mean case recoverable prospective resources. 

The company, which has offices in Dublin, London, and Warsaw, and issued its views in a full statement.

The Durresi Block is located on the proven Apulian Margin, on trend with a number of Tertiary gas and Mesozoic/Tertiary oil discoveries in the Italian Adriatic to the northwest, while the Patos-Marinza field, which is estimated to contain up to 7.7 billion barrels of OOIP, is located to the south east. The Alban Structure is located in 150 metres water depth with reservoir target range being between 1,500 metres to 2,500 metres.