Spanish Point 3D survey data indicates reservoir continuity

Preliminary fast track data from the Spanish Point 3D survey indicate excellent resolution to below reservoir level across the whole structure and confirms the potential for further reservoir above that tested by the 35/8-2 discovery well within the existing hydrocarbon bearing block, according to operator Providence Resources.

Offshore staff

LONDON -- Preliminary fast track data from the Spanish Point 3D survey indicate excellent resolution to below reservoir level across the whole structure and confirms the potential for further reservoir above that tested by the 35/8-2 discovery well within the existing hydrocarbon bearing block, according to operator Providence Resources. In addition, the results suggest that fault density within the Spanish Point structure is relatively low, which is positive in terms of reservoir continuity and any ultimate future field development, the company says.

The 3D survey area, offshore Ireland, also covered the adjacent 35/8-1 Burren oil discovery, which flowed high quality 34° API oil from a thin Lower Cretaceous sands within a 400-ft (122-m) gross hydrocarbon bearing interval.

“While more work needs to be done to fully evaluate these 3D seismic data, the initial results substantially enhance our overall views on Spanish Point,” says Tony O’Reilly, chief executive of Providence. “Of particular significance is the identification of additional potential reservoir up-dip from the discovery well - this indicates significant resource upside in terms of gas in place.”

10/08/2009

More in Geosciences