CNOOC Makes Major New Oil Discovery in North Sea Off Scotland

gCaptain | 1/29/2019 | gCaptain
Click For Photo: https://gcaptain.com/wp-content/uploads/2017/11/shutterstock_619179563.jpg

China state oil company CNOOC on Tuesday announced a major new oil discovery at the Glengorm prospect in the U.K. sector of the North Sea.

The Glengorm discovery is located in License P2215 in the Central North off Aberdeen, Scotland in a water depth of approximately 86 meters. CNOOC said exploration well was drilled to a total depth of 5,056 meters and encountered net gas and condensate pay zones with a total thickness of 37.6 meters.

CNOOC - Petroleum - Europe - Subsidiary - CNOOC

CNOOC Petroleum Europe, a wholly-owned subsidiary of CNOOC Limited, is operator of the license holding 50% interest. The remaining interest is held by Total and Euroil, a subsidiary of Edison E&P, each having 25%.

Total said recoverable resources are estimated close to 250 million barrels of oil equivalent.

Oil - Analysts - Find - North - Sea

Oil analysts described the find as the largest in the North Sea since the Culzean field was discovered in 2008, BBC reported. Total operates the Culzean gas field with a 49.99% working interest.

The P2215 license was previously part of the Maersk Oil portfolio....
(Excerpt) Read more at: gCaptain
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!