Predator Oil and Gas are seeking a farm-in partner to Licensing Option (LO) 16/26 which contains Corrib South: a gas prospect analogous to the producing Corrib field with a recoverable resource estimate (2C) of 424 Bcfg and a 30% chance of success. The company are seeking to convert the LO to a Frontier Exploration Licence (FEL), which requires the determination of a work programme in conjunction with the regulatory authority (the Department of Communications, Climate Action and Environment). Predator had previously proposed a programme costing EUR 3.2 million and entailing a 200 sq km 3D seismic survey and an exploration well, 18/25-4. However, as announced in its 2019 annual results on 29 May 2020, Predator are open to negotiate with a partner on the forward plan. Due to its proximity, the prospect would be a potential subsea tie-back to the existing gas infrastructure serving Corrib.  The Corrib South prospect lies in the Slyne sub-basin, approximately 20 km south of the producing Corrib field and is thought to consist of the same play: Triassic Sherwood sandstone reservoir, Mercia salt seal and similar Westphalian source rocks. drilling occurred in 1999 when Enterprise Oil identified two structures in the LO area, one of which was Corrib South. Enterprise drilled well 18/25-2 on the other structure (named Shannon) which, whilst it was closer to Corrib and encountered the Triassic Sherwood reservoir, did not encounter hydrocarbons.   Interest in LO 16/26 is held by Predator Oil and Gas Ventures Ltd (50% + operator) and Theseus Ltd (50%).
Ireland (Slyne b.), Predator is offering equity in LO 16/26 (Corrib South gas prospect). 