Shearwater completes survey over Shell’s Pensacola prospect

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Shell, in conjunction with non-operated partner Cluff Natural Resources, has completed a 3D seismic survey extending to approximately 420 km2 over the Pensacola prospect on Licence P2252 in the Southern North Sea, offshore the UK.

The survey, conducted by Shearwater GeoServices using the Polar Express, was completed on time and with no adverse incidents on 21 August, Cluff Natural Resources said.
Under the farm-in agreement, Shell are paying 100% of costs of the seismic acquisition, processing and interpretation work programme until the end of 2020 or until a well investment decision is made.

Cluff holds a 30% interest in Licence P2252 and the Penascola prospect, which is estimated to contain a gross P50 Prospective Reserve of 309 BCF in an untested Zechstein Reef.
According to the company, data collected will now be processed, along with the existing legacy dataset, to pre-stack depth migration with the final results expected by early in the third quarter of next year. A decision on the contingent well commitment is flagged for the second half of 2020.

“We would like to thank Shell and Shearwater for completing a safe and efficient acquisition program in what were challenging weather conditions for this time of year. The PSDM datasets represent a key step towards the drilling of an exploration well on the Pensacola prospect and we look forward to receiving the final products in due course,” Cluff’s Chief Executive Graham Swindells said

“While awaiting delivery of the newly acquired seismic data, we continue to work with Shell on license P2437 as we progress the Selene prospect towards a drilling decision.”

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