North Celtic Sea (central) - LO17/2

Licensing Option 14/1 was awarded in June 2017 for an 18 month period. 14/1 is located on the southern margin of the North Celtic Sea basin.

North Celtic Sea (central)

North Celtic Sea (central) - LO17/2

Area Equity Partners Blocks
Celtic Sea (IR) 100% equity None 48/28, 29, 30, 49/26, 57/3, 4, 5

The Licensing Option covers an area of 1036 square kilometres, in relatively shallow water depths of 110 metres situated some 75 kilometres off the south coast of Ireland.  The primary target is the under-explored Triassic Play, comprising Sherwood Sandstone reservoir juxtaposed against Lower Jurassic oil prone source rocks.  The age and configuration of source and reservoir bear many similarities to the Wytch Farm Oil Field, onshore UK.  Initial interpretation of existing and Faroe reprocessed 2D seismic data has revealed the presence of a number of large structural traps within the licensing option areas.