Spain: Cantabrian basin shale concession awarded

By OGJ editors

A unit of BNK Petroleum Inc., Camarillo, Calif., has acquired 234,000 acres in northern Spain’s Cantabrian basin mainly for shale gas targets.

The company said the concession, in the autonomous community of Castile and Leon, also has conventional oil and gas potential.

The main target is a Jurassic shale that is 100 m to more than 200 m thick at 2,500-4,500 m in the most prospective areas. The structure and stratigraphy are defined by numerous existing 2D seismic lines and dozens of wells drilled by other operators. Most of the previously drilled wells had oil and-or gas shows in the shale interval and in fractured carbonates above and below the shale.

BNK’s Trofagas Hidrocarburos SL said the concession terms include minimum requirements including geological work in the first year, drilling two wells each in years two, three, and four, and three wells in year five.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin


CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal


FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected