East Irish Sea: a basin of opportunity
The East Irish Sea is a predominantly gas basin where historical production has been dominated by the giant South/North Morecambe complex (and to a lesser extent the Hamilton/Douglas complex), which was discovered in the 1970s where 8 tcf have been recovered so far.
While there have been numerous other gas discoveries, because of historic low commodity price environment and a complex faulted geology, they have often been considered too small to justify new development infrastructure.
As investment dwindled and large operators left, (through forced relinquishments) they left behind many stranded satellite gas fields that could not be developed by smaller E&Ps until spare capacity became available on the limited existing infrastructure.
That time is now.
