Simwell Resources is offering significant equity and operatorship to a single company or consortium, to farm into licence P2326 (blocks 29/22b, 29/23b, 29/27 & 29/28). Simwell has identified two Plio-Pleistocene gas leads named Q29-A and Q29-B. The leads form a combination of structural and stratigraphic traps with shallow reservoirs in water depths of 80 â 85 m. Both leads show similarities with Dutch producing fields. The primary play targets biogenic gas in sandstone reservoirs trapped in anticlinal structures with mudstones providing intraformational seals. Rotliegend, Upper Jurassic and fractured chalk sequences provide secondary objectives. However, a deeper mature Carboniferous source rock would be required to source these secondary objectives but is currently unproven in the area. Lead Q29-A is 9.25 sq km and was identified from anomalously bright seismic amplitudes. The seismic interpretations highlight, stacked reservoirs, velocity pull down, attenuation, associate salt diaper, sea bed depression and gas chimneys. Lead Q29-B is a shallow gas accumulation trapped in a 4-way dip closure within Pleistocene aged sediments with an areal extent of 55.58 sq km. Lead Q29-B shows similar but slightly subtler seismic characteristics to Lead Q29-A. As of February 2019, the opportunity was still available.   The licence was awarded on the 15 May 2017 from the 29th Seaward Licensing Round. The first three-year phase of the work programme is being fulfilled by obtaining more 2D seismic and completing an AVO study. Simwell is also working on a commercial feasibility study based on an offshore Netherlands shallow gas model with the aim to complete it in Phase A. Phase B consists of another three-year phase with a contingent commitment of shooting a 250 sq km 3D seismic survey, unless the OGA decide the new shoot seismic data is not required to make a decision to drill a well. Furthermore, multi-client 3D data partially covers the acreage of which could be used instead of shooting new 3D seismic data.   Two exploration wells have been drilled in the acreage. The first exploration well 29/23b-2 was drilled in 1973 by Oxy which penetrated the Zechstein and was dry. The second exploration 29/27-1 was drilled in 1987 by Hess. The primary objective was an algal build-up comprising of reservoir quality dolomitic packstones and grainstones trapped laterally by lime muds with Zechstein evaporates providing the overlying seal. Two cores were cut but neither were oil bearing.   For further details please contact:   David Hughes  Tel: +44 (0)20 8878 0212  Email: dhughes@simwellresources.com
Simwell Resources is offering significant equity and operatorship to a single company or consortium, to farm into licence P2326 (blocks 29/22b, 29/23b, 29/27 & 29/28). Simwell has identified two Plio-Pleistocene gas leads named Q29-A and Q29-B. The leads form a combination of structural and stratigraphic traps with shallow reservoirs in water depths of 80 â 85 m. Both leads show similarities with Dutch producing fields.