GLASGOW, UK -- Hannon Westwood has received a project to define the undiscovered hydrocarbon resources of Ireland's offshore basins from the Petroleum Affairs Division of the Department of Communications, Marine, and Natural Resources.
"There are approximately 600 undrilled prospects and leads west of Ireland in PAD's inventory that are initially being assessed for inclusion in the analysis," says Jim Hannon, managing director, Hannon Westwood. "The Department is looking to our geo-commercial approach to identify the total resource potential and make the undrilled resource data available to the industry through a new Hannon Westwood GIS-based product, workshop delivery, and bespoke consultancy."
The Hannon Westwood study is intended to demonstrate that the UKCS and ICS can be viewed as a common unit from the perspective of petroleum systems and prospectivity.
Further, the project is intended to show companies how they could benefit from investment across the whole region rather than be constrained to one geological basin or state boundary, and to demonstrate the range of options to invest in both material sized exploration offshore Ireland coupled with more immediate cash generating production from the North Sea.