Atlantic Petroleum announces today details of this
year’s drilling programme in the Celtic Sea, offshore Ireland. An appraisal well will be
drilled on the crest of the Hook Head Field in Standard Exploration Licence No. 2/07, in the Celtic Sea
Basin, during this
Petrolia semi-submersible drilling rig has been secured for a 50 day drilling
slot and the SEL 2/07 licence group, operated by Providence, have elected to drill an
appraisal well on the crest of the Hook Head Field.
The Hook Head structure is a large
anticline that was first drilled in 1971 by Marathon.
The IRL 50/11-1 well discovered hydrocarbons in five sandstone units within the
Lower Cretaceous. The well was not flow-tested due to severe operational issues
at the time. The IRL 50/11-2 appraisal well, drilled by Marathon
in 1975, was a delineation well at the down-dip edge of the structure.
Post-drill mapping by Marathon indicated that
the crest of the structure is located to the north-east of the IRL 50/11-1
discovery well. This mapping is supported by the seismic data acquired by Providence and partners
in 2006. The IRL 50/11-C appraisal well will be drilled in a crestal location,
some 2 km northeast of the IRL 50/11-1 well.
on today’s announcement, Wilhelm Petersen, CEO, said:
Petroleum are pleased that one of our recently acquired Celtic Sea
licences is going to have drilling activity over the summer. The well will be
an important one for proving up commercial hydrocarbons in the Hook Head Field
and has the potential of opening up the Celtic Sea
to future developments on other discoveries in the area.”
About Hook Head
Atlantic Petroleum holds a 10% interest of SEL 2/07
which contains the Hook Head prospect. Located in the North Celtic
in some 80 metres of water, the area is located some 60 km off the coast.
Current partners in this licence are: Providence
(operator) 40%, CMI 15%, DYAS, 15%, Atlantic Petroleum 10%, Forest Gate
Resources Inc 15% and Midmar Energy Limited 5%.
details can be obtained from Wilhelm Petersen, Managing Director, tel +298 350
or Teitur Samuelsen, Financial Manager, tel +298 350 100 (email@example.com). This announcement will be
available, together with other information about Atlantic Petroleum, on the
company’s website: www.petroleum.fo.