Project Profile
Value: US$100 million
Location: Cantabrian basin
Located in the Cantabrian basin of Spain and like the previous Urraca concession, the Sedano concession targets principally shale gas but also has some conventional oil and gas potential. The primary target is a Jurassic-aged shale which, based on available information, ranges in the most prospective areas from 100 to over 200 meters in gross thickness at depths of about 2,500 to 4,500 meters. The Jurassic shale is a Type II Kerogen with Total Organic Carbon content ranging between 1.3 and 5.0%. The structure and stratigraphy are defined by numerous existing 2D seismic lines and dozens of wells previously drilled by other operators. Most of the previously drilled wells had oil and/or gas shows in the shale interval as well as in fractured carbonates both above and below the shale. These fractured carbonates are the conventional targets.
Operator:
Trofagas Hidrocarburos