Cirrus Energy Corp to begin exploration offshore Netherlands
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With the company's first production just a few months away, Canadian start-up Cirrus Energy is now preparing to spud its first exploration well in late summer 2008. Noble Drilling's "Lynda Bossler" J/U has been contracted to drill the Q14-Alpha prospect, a simple fault-bounded horst structure estimated to have potential resources of 175 Bcf. The well will be located on the western edge of the block, about 1km south-west of Q14-2. The main objective is the Triassic Bunter Sandstone where a strong amplitude is seen on 3D seismic, with secondary prospectivity in the Zechstein and Rotliegendes. Q14-2, drilled in 1991, targeted the same structure but only encountered gas shows in the Zechstein. Cirrus believes that it was drilled off crest and therefore missed the Bunter reservoir. Cirrus operates Q14 with a 30% interest. Partners are Energie Beheer Nederland (EBN) with 40% and TAQA with 30%. Cirrus also operates the adjacent Q13b block. Speaking at CAPP's investment symposium in June 2008, chief executive officer David Taylor said this highly structured block has "a great deal of potential. Total unrisked P50 gross recoverable resource potential is estimated at more than 600 Bcf in Triassic and Permian targets.
This article is extracted from International Oil Letter, Vol 24 issue 28 dated 14th July 2008.
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