Cairn optimistic about offshore Greenland drilling prospects

Offshore staff

EDINBURGH, UK – Cairn Energy remains confident that all the elements are in place for drilling successes offshore Greenland, despite its unproductive campaign in 2011.

The company has interests in licenses covering 11 offshore blocks with a combined area of 102,000 sq km (39,382 sq mi). The current focus is on the Pitu license block, 100 km (62 mi) offshore northwest Greenland in water depths of 400-800 m (1,312-2,624 ft).

Studies by Cairn and partners Statoil and Nunaoil, based on mapping and evaluation of 3D seismic, indicate potential resources of up to 5 Bboe. A first well could be drilled next year on the main structural high, subject to approvals and rig availability.

Elsewhere in the region, Cairn may seek to pre-qualify for the second East Greenland bid round later this year.

Last year, various operators acquired 2D and 3D seismic in Baffin Bay. Here Cairn participated in a joint shallow borehole program operated by Shell on behalf of a consortium including Conoco Phillips, GDF, Nunaoil, Maersk, Tullow, and Statoil.

The 11 boreholes completed have provided information to help stratigraphic correlations across the undrilled Melville basin.

3/19/2013

Related Articles

Polarcus deploys two vessels for 3D seismic survey offshore Australia

Jan 19, 2015

Polarcus has started its new Capreolus 3D multi-client survey over the Phoenix area offshore Western Australia.

Gazprom Neft expands Arctic presence

Jan 16, 2015

Gazprom Neft subsidiary Gazpromneft Sakhalin has received subsoil-use rights to two license blocks in the Russian Arctic.

Seismic bids under review for deepwater block offshore Egypt

Jan 15, 2015

Petroceltic and partner Edison plan to acquire seismic data this year over their recently awarded North Thekah block in the deepwater Mediterranean Sea offshore Egypt. 

CGG creates multi-physics business line

Jan 15, 2015

CGG has confirmed that its new Multi-Physics Business Line is now up and running within its Acquisition Division. 

TGS signs LOA for 2D surveys over Mexico, US Atlantic

Jan 14, 2015

TGS has signed a letter of award (LOA) with SeaBird Exploration to acquire up to 300,000 km (186,411 mi) of 2D seismic data offshore Mexico and in US Atlantic waters.

Trending News

BSEE, USGC respond to Energy XXI platform fire

Jan 23, 2015

The Bureau of Safety and Environmental Enforcement (BSEE) is responding to a damaged unmanned platform in South Timbalier block 27 in the Gulf of Mexico.

OneSubsea announces Jack/St. Malo involvement

Jan 23, 2015

Chevron Corp. recently achieved first oil from the Jack and St. Malo fields in the Gulf of Mexico. OneSubsea, a Cameron and Schlumberger company, supplied the subsea production and processing systems for these deepwater fields.

New Saudi King pledges continuity in energy and foreign policies

Jan 23, 2015

As King Abdullah bin Abdulaziz was laid to rest and his brother Salman became king of the world’s top oil exporter, Brent crude oil rose on Friday to a high of $49.80, up $1.28/bbl, before easing to around $49.20.

UK government steps up consultations on offshore tax relief

Jan 23, 2015

Oil & Gas UK has welcomed a further consultation by Britain’s government on a basin-wide UK offshore investment allowance.

Petrobras hails lower-cost subsea tree deployment

Jan 23, 2015

Petrobras says it deployed its first wet christmas tree at the end of last year using cables in the presalt area of the Santos basin.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>