Project Profile
Value: US$150 million
Location: Blocks 44/18, 44/23, 44/24, 44/29, and 44/30, Porcupine Basin, offshore Ireland
Start-up Year: 2014
Water Depth: 1,500m
Area: 172,974 acres (700 sq km)
Reserves: 14 Tcf and 500 million barrels of condensate
The deepwater Dunquin project consists of two main prospects, Dunquin South and Dunquin North, both anticipated to be gas/condensate bearing. Located in the Porcupine Basin offshore Ireland in 5,000 feet (1,524 metres) of water, Dunquin holds an estimated 14 Tcf and 500 million barrels of condensate. Spanning 172,974 acres (700 square kilometres), the Dunquin project may be one of the biggest fields in the world if its reserves are proven.
Adjoining multiple blocks (44/18, 44/23, 44/24, 44/29 and 44/30), Dunquin is operated by Eni.
Operators:
Eni Ireland B.V.: Operator with 36.913% interest
Repsol Exploracion Irlanda, S.A.: 33.557% interest
Providence Resources: 26.846% interest
Sosina Exploration Ltd.: 2.684% interest
Contractors:
Ocean Rig: Drilling operations using the Eirik Raude (DW semisub) rig