Offshore staff
DUBLIN, Ireland — Europa Oil & Gas has issued results of an updated study concerning a potential future gas development on FEL 4/19 offshore western Ireland.
The company recently redefined its 1.5-Tcf Inishkea West prospect following the reprocessing of existing seismic data, with a focus on emissions data.
Among the main conclusions were that while the average operational life-of-field emissions intensity for the nearby producing offshore Corrib gas field is 5.3 kgCO2e/boe, the average for gas on Europa’s license is forecast at 2.8 kgCO2e/boe.
That compares with a weighted average carbon intensity of imported gas into Ireland from the UK during 2022 of an estimated 36 kgCO2/boe (i.e. more than 12 times more CO2 than indigenous gas from the license).
According to the company, production from Inishkea West could almost eliminate Ireland’s need for gas imports from the UK from 2030 through to the end of 2032, with greatly reduced associated emissions.
The lower emissions would be due to:
- Close proximity—18 km—of Inishkea West to the Corrib infrastructure;
- Producing the gas through the existing subsea pipeline and facilities at the Bellanaboy Gas Terminal;
- Quality of the gas and low levels of associated impurities; the quality of the anticipated reservoir and the predicted initial production rates from Inishkea West’s wells;
- Anticipated size of the gas resource; and
- Expected production profiles for a gas discovery on the license.
“A discovery at Inishkea West could provide security of gas supply for Ireland during the transition to renewable energy, which is in line with the EU’s stated goals for diversity of gas supply…," Europa CEO Will Holland said. “We are now in the process of progressing FEL 4/19 to drilling, which requires us to attract additional partners to this highly prospective license.”
04.23.2024
