Serica Energy is currently searching for a farm-out partner(s) in Frontier Exploration Licence (FEL) 1/06. The company, which owns 100% interest in the licence (following the acquisition of 50% interest from DEA in March 2017), has identified three prospects â Boyne, Liffey and Achill. The prospects have been defined on 1,000 sq km of reprocessed 3D seismic. Serica states that Boyne is the largest of the three prospects and is a drill ready target with good quality reservoirs at the Lower Jurassic (oil) and Triassic (gas) Sherwood intervals. Estimated pre-drill resources for the prospect are 53 MMbo. The Liffey and Achill prospects have prospective resources of 37.7 MMboe and 44.7 MMboe respectively. A well is planned to test Boyne subject to the outcome of Sericaâs current farm-out campaign. Dry hole costs for a well are approximately USD 30 million. In the event of a commercial gas discovery, the licence is ideally located for a tie-back to the Corrib subsea manifold. In April 2019, Serica confirmed that it is still seeking a partner to participate in drilling a well on the licence.   FEL 1/06 was awarded in 2006 and covers an area of 287 sq km, consisting of three part blocks â 27/4a, 27/5a and 27/9a. In September 2017, Serica was awarded a validity extension to the licence from 30 November 2021 to 30 November 2023. The licence contains the Bandon discovery which was drilled in 2009 by well 27/4-1 by Serica. The well was drilled to a depth of 1,871 m penetrating the Triassic Sherwood Sandstone. An oil accumulation was encountered in the Jurassic sands from sidetrack well 27/4-1z confirming the discovery. Even though the discovery was non-commercial it proved a working hydrocarbon system in the Slyne Basin.  Interest in the licence is held by Serica Energy (UK) Limited (100% + operator).  For further information regarding the Farm-out opportunity please contact:    Clara Altobell, International Asset Manager    Tel â 0044 (0) 207 487 7300    Email: Clara.altobell@serica-energy.com
Ireland (Slyne Sub-basin (NW Ireland Offshore B.)) Corrib