- Situated in the heart of one of the world's major and prolific hydrocarbon basins.
- The acreage is flanked to the east by Dubai’s Fateh and Rashid oil fields complex, to the north by the Sirri oil field of Iran and to the west by the prolific oil and gas fields of Abu Dhabi.
- Seismic and other surveys conducted indicate the concession’s considerable potential.
- Additional exploration work programme is planned.
The Island of Sir Abu Nu’ayr, which sits in the centre of the concession area, is part of the Emirate of Sharjah and is located 80 kilometres offshore of Abu Dhabi, in the middle of the prolific offshore oil territory. The acreage is flanked to the east by Dubai’s Fateh oil field complex, to the north by the Sirri oil field of Iran and to the west by the mega oil and gas fields of Abu Dhabi.
SIR ABU NU'AYR ISLAND CONCESSION
Sir Abu Nu’ayr is a salt-piercement structure formed by the movement of Cambrian (Hormuz) salt. Salt deposited of Cambrian age has moved progressively upward, puncturing through the younger overlying strata to create a dome structure. Surface expressions are composed of evaporites rocks, plus igneous rocks and quartzitic sandstone. Such deep seated salt movement has affected all the major highly prolific reservoirs (Khuff, Arab, Ilam/Mishrif and Thamama) of the giant Abu Dhabi fields (Zakum, Umm Shaif, Bab and Abu Hasa) and generated potential highly dipping structures around the flanks of the piercement structure. Crescent Petroleum’s expertise in this technology significantly reduces the exploration risk associated with salt piercement plays.
A 2D seismic acquisition was carried out in 1999. The acquisition geometry, processing and interpretation of the dataset have been considered a remarkable success. A comprehensive 3D/2D survey design study was conducted during 2008 using Raytrace modeling for all target reservoirs and encompassing the island plus the entire 12 Nautical Miles concession area. A further study in 2009 developed the play concepts of the salt related structures based on the available data.
During 2012, an Airborne Gravity and Magnetic Survey was conducted over SAN and surrounding areas covering an area of some 400 sq. kms with a view to develop the exploration work programme.