Introduction
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Enegi’s current operations are focused on opportunities on and around the Port au Port Peninsula in Newfoundland, Canada and the Clare Basin in County Clare, Ireland. The Port au Port Peninsula is located in western Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having been discovered on a number of occasions. The Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas.
The Group’s working interests in Newfoundland are held through an onshore petroleum lease, PL2002-01, and two offshore exploration licenses, EL1070 and EL1116. Working interest in Ireland is held through an onshore petroleum licensing option, ON11/1. For further information on the lease, the licences and the licensing option, please view our Lease & Licences page.
It is estimated that approximately 35 per cent of conventional, light crude oil produced in Canada in 2010 came from the Province of Newfoundland and Labrador. The Province currently has a 115,000 barrels of oil per day refinery, and there is also a transhipment terminal servicing the offshore petroleum industry that has a storage capacity of three million barrels. Newfoundland and Labrador is strategically positioned on international shipping lanes, giving unique access to global petroleum markets.
Based on analogue basin reviews and source rock modelling, it is estimated that the Atlantic Basins offshore Ireland have an unproved potential of at least 10 billion boe. Ireland has an extensive gas pipeline and processing infrastructure, and a LNG (Liquefied Natural Gas) plant has been proposed.
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Areas of operation:
Port au Port Peninsula
Clare Basin
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