Operations in Ireland
Blocks 27/4, 27/9 and 27/5
Blocks 27/4, 27/9 and part Block 27/5
Serica 100%
Serica was awarded Irish Exploration Licence 1/06 in December 2006. Blocks 27/4, 27/9 and part block 27/5 together cover an area of 611 square kilometres in the Slyne Basin off the west coast of Ireland.
The blocks lie some 50 kilometres south of the Corrib gas discovery, which has reserves of approximately one trillion cubic feet of gas. Serica has mapped several large prospects at Triassic level within the blocks that appear to be an extension of the Corrib play. There is also the potential for oil prospects to be present in the shallower Middle Jurassic reservoirs.
Serica has access to a 3D seismic survey of about 500 square kilometres that was shot in 2001 and 2002 over most of the licence area. Serica plans to reprocess this data in order to confirm the optimum locations for potential exploration wells.