Predator ramps up Irish gas drill plans

Predator ramps up Irish gas drill plans

International exploration company Predator Oil and Gas will, next month, accelerate efforts to land partners to help develop gas assets it holds in Irish waters.

It has said an asset it holds in the Celtic Sea could be a “game-changer” and compare in size to the Corrib field off the west coast.

The company is headed up by a veteran of the Irish exploration sector, Paul Griffiths, former boss of now defunct operators Island Oil and Gas and Fastnet Oil and Gas. Predator, which also has interests in Morocco and Trinidad, has been in talks with prospective partners for its Irish assets for much of this year.

Updating on operations, yesterday, it said it will be “accelerating” ongoing discussions with potential partners interested in its Irish portfolio during January, “with a view to combining its assets in a substantive low-risk drilling and re-entry programme in 2020 to target potentially material gas resources”.

Predator’s Irish focus is solely fixed on gas exploration.

It said its previously-announced application to convert a licensing option it holds adjoining the Corrib gas field is “progressing”.

It has also submitted an application to extend a licensing option it has in the Celtic Sea for 12 months to the end of next November.

An independent reservoir engineering study has shown the potential to recover more than one trillion cubic feet of gas from the Celtic Sea asset over 11 years.

It is also believed Predator is interested in working with Corrib owner Vermilion, in some capacity, as the latter looks to extend the life of the field.


More in this Section

Ireland's trade fair organisers seek clarity on when they can reopenIreland's trade fair organisers seek clarity on when they can reopen

Ireland sees sharp gain in construction activity recorded in JuneIreland sees sharp gain in construction activity recorded in June

Europe looks to ‘messy’ earnings that may test market’s optimismEurope looks to ‘messy’ earnings that may test market’s optimism

John Moran: Politicians must write the recovery plan, not bankersJohn Moran: Politicians must write the recovery plan, not bankers


Lifestyle

Conservationist Giles Clark takes on the illegal wildlife trade, as well as the task of building a bear sanctuary in Laos, South-east Asia, in BBC Two series Bears About The House.Five minutes with ... Giles Clark

Forget G-spots. Let's focus on the C-spot and close the orgasm gap once and for all.Sex File: The G-spot is dead. Long live the C-spot

Bring summer holidays home with this season’s sparkling fragrance launches. Rachel Marie Walsh reports.PRODUCT WATCH: This summer's hottest fragrances

Manchester United, Love/Hate and a new documentary series on Iraq feature among today's top tips.Monday's TV Highlights: Manchester United, Love/Hate and a new documentary series on Iraq

More From The Irish Examiner