In late August 2013 Serica confirmed that it is looking for a farm-out partner(s) in Frontier Exploration Licence (FEL) 1/06. The company, which owns 100% interest in the licence (following acquisition of 50% interest from DEA), has identified three potential prospects â Boyne, Liffey and Achill. According to Serica, Boyne the largest of the three, is a drill ready target of independent good quality reservoirs at 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. Any future activity on these prospects will be predicated on the outcome of a well at Boyne. The prospects have been defined by high quality 3D seismic. Dry hole costs for a well are approximately USD 30 million. In the event of a commercial discovery, a swift development could be implemented to achieve an early first oil date. In autumn 2017, Serica was awarded a validity extension to the licence from 30/11/21 to 30/11/23. In September 2018, Serica confirmed that it is still seeking a partner to participate in drilling of the Boyne oil prospect.   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. The licence contains the Bandon discovery which was drilled in 2009 with well 27/4-1 by Serica. 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, not found