OilVoice - Swift Exploration Announces UK Southern North Sea Farm-in Opportunity

Swift Exploration Announces UK Southern North Sea Farm-in Opportunity

Thursday, January 14, 2010

Swift Exploration Ltd is seeking a partner(s) to farm in to the Acle gas prospect - UKCS Southern North Sea Licence P.1715 Block 49/29d

Overview:
Block 49/29d contains the Acle gas prospect at the Rotliegendes Sand level The Prospect is ready for drilling and has the potential for early production via a number of different export routes offering an very short tie back.

The Acle prospect is a simple four way dip and up thrown fault closed structure mapped at Rotliegendes sand level. The local well control demonstrates excellent reservoir potential and top seal. It is in the centre of the Rotliegendes gas fairway where all the adjacent structural closures contain producing fields. It is clearly imaged on 3D seismic and is supported by a DHI.

The prospect has 1,300 acres of closure with 370ft of maximum structural relief; and the lowest closing contour is 8210 ft ss. The GIIP for the Acle prospect is 66 to 258 bcf with recoverable reserves of 49 to 194 bcf.

Risk analysis suggests that probability of finding hydrocarbons are better than 50%. Local fields are being produced with reserves of 35bcf and indicate that a discovery at Acle is likely to provide a favourable commercial opportunity.

Visit Swift Exploration for further details