France
France
Europa holds two exclusive licence in the Aquitaine Basin,
adjacent to the world-class Lacq-Meillon gas
developments.
Appraisal - The Berenx Structure
(100%)
The main focus for Europa is the appraisal of the Berenx gas
wells, where an HPHT well encountered 500m of gross gas shows and
mud gas kicks in similar reservoir to the nearby 5TCF Lacq
Field. In mid-2010, Europa took delivery of a
reprocessed 3D seismic dataset covering the area between Berenx and
Lacq. The initial mapping indicates that the Berenx wells
were drilled on the western edge of a sizeable structure which
could reservoir in excess of 1 trillion cubic feet of recoverable
gas reserve. The proximity (20km) to the Lacq Field creates a
straightforward export route, allowing the gas to be processed in
an existing facility with spare capacity.
The forward programme is for detailed mapping of the structure
by experienced Aquitaine geoscientists followed by securing joint
venture partner(s) for the drilling of an appraisal well in
2011/2012.
Field Re-development and associated Exploration -
Tarbes Val d'Adour Licence (100%)
This licence contains several oil accumulations, previously
produced by Elf but abandoned in 1985 in times of low oil
price. Europa commissioned the French Geological Survey to
map the potential field re-development area of Osmets and Jacque
from a reprocessed 2D data set and this work is now complete.
It is hoped that, with a partner, a re-development well can be
drilled on one of these fields in 2011.