2 nd Offshore Licensing Round of the Isle of Man At the extension of - - PowerPoint PPT Presentation

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2 nd offshore licensing round of the isle of man
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2 nd Offshore Licensing Round of the Isle of Man At the extension of - - PowerPoint PPT Presentation

Sep 30, 2023 206 likes •311 views

2 nd Offshore Licensing Round of the Isle of Man At the extension of the East Irish Sea Basin, a mature hydrocarbon province. 2 nd Offshore Licensing Round of the Isle of Man Low commercial Risk Existing Infrastructure to the U.K., Ireland

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At the extension of the East Irish Sea Basin, a mature hydrocarbon province.

2nd Offshore Licensing Round of the Isle of Man

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Low commercial Risk

  • Existing Infrastructure to

the U.K., Ireland and the EU

  • Shallow waters (average

water depth 50-60m)

2nd Offshore Licensing Round of the Isle of Man

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Functioning Petroleum System

  • Gas shows

2nd Offshore Licensing Round of the Isle of Man

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Functioning Petroleum System

  • Untested Prospects

2nd Offshore Licensing Round of the Isle of Man

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  • Buried structures
  • Potential for

deeper stratigraphic traps (Carboniferous)

2nd Offshore Licensing Round of the Isle of Man

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New plays

  • Permian Play – Collyhurst Sandstone

2nd Offshore Licensing Round of the Isle of Man

Reservoir – Triassic Ormskirk Sandstone Reservoir - Permian Collyhurst Sandstone Seal – Permian St Bees Evaporites Seal – Triassic Mercia Mudstone Group Source rock – Namurian basinal shales

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2nd Offshore Licensing Round of the Isle of Man

Fiscal Terms

  • Up to 9 year licence period
  • 5-40% Production royalty depending on

recovery (using R factor comparison of gross revenue to gross costs ratio)

  • Acreage licence Phase A -£15/km2 , Phase B

£30/km², Phase C £150/km²

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