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Ireland's 2015 Atlantic Margin licensing round attracts Major interest

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Report summary

The 2015 Atlantic Margin licensing round saw the largest number of awards in any Irish round to date. A total of 28 licences were awarded to 17 companies including four Majors. The results are an endorsement of the potential of the frontier Irish Atlantic Margin particularly the prospective Porcupine basin in a region with attractive fiscal terms. Seismic acquisition has already commenced but drilling does not have to take place on the new acreage before 2021. While success seen elsewhere on the Atlantic Margin is promising Ireland now needs proven commercial discoveries. The Irish operating environment comes with its challenges such as a lack of transport infrastructure and high deepwater drilling costs. The round has been successful given the challenging external environment however it will be drilling results that ultimately determine the success of the round.

What's included

This report contains

  • Document

    2015 Atlantic Margin Licensing Round awards.xls

    XLS 58.50 KB

  • Document

    Ireland's 2015 Atlantic Margin licensing round attracts Major interest

    PDF 1.68 MB

  • Document

    Ireland's 2015 Atlantic Margin licensing round attracts Major interest

    ZIP 1.67 MB

Table of contents

Tables and charts

This report includes 10 images and tables including:

Images

  • Map of acreage awarded in the round by phase and operator
  • Licensing and exploration timeline
  • Major operators in Ireland have acreage elsewhere on the Atlantic Margin
  • Fiscal Comparison
  • Sensitivities Cretaceous Tertiary (500 mmbbl)
  • Ireland's 2015 Atlantic Margin licensing round attracts Major interest: Image 6

Tables

  • Key 2015 Atlantic Margin Round award facts
  • Notable existing discoveries yet to be developed
  • R Factor Table
  • Model field development assumptions

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