Seismic Survey to Reveal Oil and Gas Exploration Potential of Atlantic Margin

The Government has granted approval for the conducting of a major 2D seismic survey that will go a long way towards revealing the true oil and gas exploration potential of Ireland’s Atlantic Margin.

“At a cost of €20 million this is by far the largest regional seismic survey acquired in the Irish offshore, and will provide a regional grid of high-quality seismic data over Ireland’s frontier basins,” says Minister for Natural Resources, Fergus O’Dowd. “The 18,000 km full-fold seismic survey is also designed to infill data gaps that exist, particularly in the Southern Porcupine, Rockall and Hatton basins.”

 

He continues: “Most importantly, the survey should go a long way towards revealing the true oil and gas potential o fIreland’s frontier basins. The data should allow resource potential to be predicted with much greater confidence and enable both the industry and the Government to adequately evaluate future licensing opportunities.”

The survey will be untertaken byENI Ireland BV in conjunction with the Department of Communications, Energy and Natural Resources in the Atlantic waters of the Irish-designated Continental Shelf.

The survey vessel BGP Explorer is operating from Killybegs and the survey will be conducted for a duration of 145 days. Depending on weather conditions, it is possible that part of the survey will be acquired in 2014.

Posted in Energy, Featured News

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