New Discovery in UK Central North Sea

CNOOC Limited has announced a new discovery on the Glengorm prospect, which is located in the UK central North Sea.

The Glengorm exploration well was drilled to a total depth of 16,587 feet and encountered net gas and condensate pay zones with a total thickness of 123 feet, CNOOC Limited revealed.

Recoverable resources are estimated at close to 250 million barrels of oil equivalent, according to Total, which has a stake in the find.

“Glengorm discovery demonstrates the great exploration potential of licence P2215. We are looking forward to further appraisal,” Xie Yuhong, CNOOC Limited executive vice president, said.

Kevin McLachlan, Senior Vice President of Exploration at Total, said Glengorm “is another great success for Total in the North Sea. Our strong position in the region will enable us to leverage existing infrastructures nearby and optimize the development of this discovery.

“Glengorm is an achievement which demonstrates our capacity to create value in a mature environment thanks to our in-depth understanding of the basin,” he added.

Glengorm is the largest gas discovery in the UK since Culzean in 2008, Kevin Swann, a senior analyst in Wood Mackenzie’s North Sea upstream team, highlighted.

“There is a lot of hype around frontier areas like West of Shetland, where Total discovered the Glendronach field last year. But Glengorm is in the central North Sea and this find shows there is still life in some of the more mature UK waters,” he stated.

CNOOC Petroleum Europe Limited holds a 50 percent operated interest in the Glengorm discovery. Total E&P UK North Sea Limited holds a 25 percent interest and Euroil, a wholly owned subsidiary of Edison Esplorazione e Produzione SpA, holds the remaining 25 percent stake.

Source: Rigzone