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CNOOC Announces a New Discovery in the UK North Sea

Source: www.gulfoilandgas.com 1/29/2019, Location: Europe

CNOOC Limited has announced a new discovery at the Glengorm Prospect, located offshore UK Central North Sea. The Glengorm discovery is located in Licence P2215 with a water depth of approx. 86 meters. The exploration well Glengorm 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.

Mr. Xie Yuhong, Executive Vice President of the company commented: 'Glengorm discovery demonstrates the great exploration potential of License P2215. We are looking forward to further appraisal.'

Licence P2215 comprises UK Central North Sea Blocks 22/21c, 22b and 26d. CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, is the operator of Licence P2215, holding 50% interest. Total E&P UK North Sea holds 25% interest and Euroil, a wholly owned subsidiary of Edison Esplorazione e Produzione, holds 25% interest.

Total, in its announcement, said: 'Recoverable resources are estimated close to 250 million barrels of oil equivalent. Further drilling and testing will be carried out to appraise resources and the productivity of the reservoir'.

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