2017 News
24 October 2017 Ministerial approval of TOTAL farm-in in Avalon (FEL 16/27)
TOTAL will take a 50% working interest and Operatorship. ........Read more >> |
13 September 2017 The lower cretaceous Drombeg reservoir interval encountered within the pre-drill depth prognosis
Preliminary log interpretation has indicated the presence of a porous water bearing reservoir interval, and following a comprehensive data aquisition programme the well is being plugged and abandoned as per programme. ........Read more >> |
7 August 2017 The paleocene Druid reservoir interval was encountered within the pre-drill depth prognosis
Preliminary interpretation, however, indicates Druid to comprise a porous water bearing reservoir interval |
18 July 2017 Petroleum systems modelling highlights a significant Avalon exploration play
Potential access to a total hydrocarbon resource charge of c. 8.67 BBO and c. 21.43 TSCF (equivalent to c. 12 BBOE) |
13 July 2017 Drilling operations on the 53/6-A exploration well have commenced
The Stena "IceMAX" deep-water drillship is contracted to drill the 53/6-A well |
9 June 2017 TOTAL signs farm-in agreement for LO 19/27 securing a 50% working interest and operatorship against carry for operational costs and contingent promoted carry for the first exploration well
Cairn signs option agreement for LO 19/27 securing an option over 20% working interest |
9 June 2017 SOSINA and Providence Resources grants TOTAL an exclusive option over FEL 2/14
The option comprises the right for TOTAL to farm-in to a 35% interest against a phased payment of 27 million USD
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7 April 2017 3D seismic data acquisition on Dunquin South is expected soon to commence
The seismic vessel CGG Oceanic Caspian will for SOSINA and our partners conduct the acquisition programme. |
14 March 2017 Cairn farms-in at Druid & Drombeg (FEL 2/14) Cairn secures a 30% working interest. The SOSINA part changes from 20% to 14%. |
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