| Code: 181738 |

CNOOC Limited has announced it made a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. Along with the Chinese oil company, French-based Total S.A. followed, announcing its new significant discovery in the North Sea offshore UK, on the Glengorm prospect located in the Central Graben.

TINNews |

CNOOC Limited has announced it made a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. Along with the Chinese oil company, French-based Total S.A. followed, announcing its new significant discovery in the North Sea offshore UK, on the Glengorm prospect located in the Central Graben.

The Glengorm discovery is located in License P2215 with a water depth of approximately 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.

Concerning the discovery, Xie  Yuhong, Executive Vice President of the Company reported that Glengorm discovery demonstrates the great exploration potential of License P2215.

In the meantime, Total SA stated that the well was drilled to an overall depth of  5,056 meters and encountered 37 meters net gas and condensate pay in a high quality Upper Jurassic reservoir with excellent properties.

Recoverable resources are approximately 250 million barrels of oil equivalent. Further drilling and testing will be carried out to appraise resources and the productivity of the reservoir.

Concluding, CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, is the operator of License P2215, holding a 50% interest. Total E&P UK North Sea holds a 25% interest and Euroil, a wholly owned subsidiary of Edison Esplorazione e Produzione SpA, holds a 25% interest.

 

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