SOSINA History
SOSINA Exploration Ltd. was established on the back of technical expertise obtained at its previous sister company Ødegaard A/S and UK affiliate Odegaard UK. The main milestones of SOSINA are shown below:
| | 2004 - Established in Aberdeen and Copenhagen based on the business concept "Equity Stake in return for Technical Expertise".
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| | 2005 - Established London Office 2005.
- Entry to Western Ireland, Frontier Exploration Licences (20% equity) Blocks 35/8,9 and Blocks 44/18, 23, 24, 29, 30.
- UKCS 23rd Round - Blocks 211/18b and 211/8b (20% equity).
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| | 2006 - Farmout of Quad 44 W Ireland Frontier License to ExxonMobil.
- AMI over South Porcupine Basin with ExxonMobil and Providence.
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| | - New Frontier Exploration Proposals submitted to PAD.
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| | 2007 - UKCS 24th Round - awarded one license Block 21/16b with Elixir Petroleum and DNO.
- Farmout of UKCS Block 211/18b to RWE Dea.
- Farmin to Celtic Sea Licences.
- Drilling and oil discovery in the Celtic Sea.
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| | 2008 - Irish Licensing Round - SOSINA is awarded three Licences in the Porcupine Basin.
- Celtic Sea drilling - hydrocarbon presence lower than expected.
- ExxonMobil replaces Providence Resources as operator on Dunquin and is named operator of Drombeg. A 2D seismic acquisition over Drombeg is commenced.
- Chrysaor farms into the North Porcupine Licences.
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| | 2009 - The Dunquin partners - among them SOSINA - commit to drilling a well.
- Eni farms into Dunquin.
- The Spanish Point 3D seismic survey a warded, pursued and completed.
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| | 2010 - The result of the Spanish Point 3D studies advance the discovery towards commercial development.
- Nautical Petroleum farms into the Nemo oil discovery.
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| | 2011 - The Spanish Point partners - among them SOSINA - commit to drilling a well.
- 3D seismic survey completed for FEL 4/08.
- Repsol farms into Dunquin.
- SOSINA awarded three new licencies in the 2011 Irish Atlantic Margin Round.
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| | 2012 - Identification and study of the Drombeg Cretaceous anomaly.
- Site survey operations at the Spanish point well site.
- Two changes of operatorships. New operators are Repsol at Newgrange and Chrysaor at Spanish Point.
- Commencement of the Dunquin well activities.
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| | 2013 - Drilling of the Dunquin North exploration well.
- Cairn Energy farms-in and becomes operators of the Spanish point licence.
- The contract for drilling the Spanish Point appraisal well using the rig Blackford Dolphin signed.
- ABT Oil & Gas farms into the Helvick and Dunmore discoveries.
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| | 2014 - Conversion from LO to FEL for the Drombeg, Spanish Point South and Newgrange licencies offered to SOSINA.
- Seismic surveys of the Drombeg, Spanish Point South and Newgrange licencies done.
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| | 2015 - New 3D seismic data confirm the presence of Druid.
- New 3D seismic data indicate the presence of a significant Paleocene deep-water channelized system in the Spanish Point South (later named Ruadhan) area.
- New 2D seismic data confirm the presence of the large Cretaceous four-way dip closure on the Newgrange prospect.
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| | 2016 - Providence Resources/SOSINA and Schlumberger in cooperation completes the analysis of the 3D seismic responses from the Druid and Drombeg prospects.
- The Avalon licence option (LO) is offered to SOSINA/Providence Resources.
- Providence Resources/SOSINA and Schlumberger in cooperation discloses that the Newgrange prospect comprises a prospective resource potential of c. 13.6 TSCF GIIP or c. 9.2 BBO STOIIP.
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