LONDON – Andalas Energy and Power has provided an update on its investment in Eagle Gas.
The latter’s subsidiary Holywell Resources has received results of recent seismic interpretation on license P2112 in the UK southern North Sea, containing the Badger gas prospect.
Here, four seismic horizons have been mapped to represent prospective sandstone reservoir objectives: Base Ketch, Westphalian B (Murdoch equivalent), Westphalian A, and Namurian (Trent equivalent) layers.
Gross mean prospective resources are estimated at 399 bcf recoverable gas with 3.9 MMbbl of natural gas liquids.
Holywell has identified a location for a potential exploration well to test two of the four objectives, in around 45 m (148 ft) of water, with a planned TD of roughly 4,200 m (13,800 ft).
The well site is around 35 km (22 mi) from local infrastructure, including the Perenco-operated Eagles Transport System pipeline. Subject to negotiation, this could serve as the evacuation route for the produced gas to the Bacton terminal on the North Norfolk coast.
Andalas now has a 25% interest in Eagle.
The company’s CEO Simon Gorringe said: “Badger is a significant gas prospect, which has the potential to be one of the larger discoveries in recent years in the UK southern North Sea.”
The next step is for the joint venture partners to agree on a forward plan under which they can progress the project, he added.