Project Profile
Location: Block 49/9, some 36 km off the south coast of Ireland
Production: 9,900 bopd and 7.5 MMSCFGD
Start-up Year: -
The Helvick oil field is located in block 49/9, some 36 kilometres off the south coast of Ireland. The Helvick discovery well, 49/9-2, was drilled in 1983 and flowed at a cumulative rate of c. 9,900 BOPD and 7.5 MMSCFGD. Three appraisal wells were drilled in the late 1980s to delineate the field. In 2000, Providence drilled the 49/9-6Z well which was tested at rates of c. 5,200 BOPD. Further detailed analysis indicated that the Helvick reservoir is compartmentalised and would require further appraisal, particularly in the surrounding area. Providence concluded that development of Helvick on a stand-alone basis could not be justified given market conditions at that time. However, recent modern analysis of well test data suggests that wells could produce oil at significant rates under primary depletion. This, together with improved commodity prices, indicates that Helvick could provide the potential for a small field development.
Operators:
Providence: Operator with 56.25% interest
MFDevCo: 10% interest
Atlantic Petroleum: 16.50% interest
Lansdowne: 9% interest
Sosina Exploration: 8.25% interest