DUBLIN -- Lansdowne Oil & Gas has been granted a new licensing option in the North Celtic Sea basin by the Minister for Communications, Energy, and Natural Resources.
Licensing option 09/1 covers parts of blocks 48/14, 48/15, 49/11, and 49/12, and lies along the northern margin of the North Celtic Sea basin.
The primary exploration target over the acreage is for oil in Jurassic sands anticipated to lie at depths between 1,200 and 3,000 m (3,900 and 10,000 ft) subsea, the company says. Water depth over the licensing option is around 85 to 90 m (280 to 295 ft).
The company's initial work program for the new licensing option will focus on reprocessing the existing seismic data to improve the imaging of the Jurassic section.