Woodside takes majority stakes for permits off Ireland

Woodside Petroleum Ltd., Perth, has taken out three farm-in options for offshore acreage offshore Ireland.

The company has taken majority stakes in three permits: 85% in two permits licenced to Petrel Resources PLC and 90% in one permit licenced to Bluestack Energy Ltd.

All three permits lie in the Porcupine basin off western Ireland.

The Petrel blocks cover a total of 14,000 sq km with PL 11/4 in the basin’s north and PL 11/6 in the east near shore.

Meanwhile, Bluestack’s PL licence 11/3 covers 1,271 sq km 100 km west of County Kerry. Water depths range 400-1,000 m. In 1997, Marathon made a natural gas discovery with its 35/30-1 well using the Jack Bates jack up rig. The company encountered a 200-ft gross gas column in Mid-upper Jurassic reservoir. The company estimated gas-in-place reserves of 5 tcf.

Bluestack has mapped a separate stratigraphic deepwater fan complex in the block that it has named the Ventry prospect and declares has potential to hold 8 tcf of gas in place.

Woodside will conduct preliminary exploration seismic in all three permits as part of its interest-earning program.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

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