San Leon Energy PLC has identified several large oil and gas prospects across the many petroleum systems from new 2D and 3D seismic on the 4,208 sq km Durresi license in the southern Adriatic Sea offshore Albania.
Six source rock intervals have been identified with several potential oil reservoirs expected in Mesozoic carbonates and flysch as well as numerous gas reservoirs in the shallower Tertiary clastic deposits. The San Leon subsurface team continues to identify prospects across the license.
San Leon said the 840 sq km of 3D seismic has revealed several large structural oil and gas prospects and is revealing large stratigraphic potential. The possibility of using seismic amplitudes to greatly reduce exploratory risk further demonstrates the high potential of offshore Albania.
San Leon is interviewing potential partners and plans to drill the first of two exploratory wells in late 2012 or 2013. San Leon has a 75% participating interest in the block, and Beach Energy Ltd., Adelaide, has 25%.