Oil and gas giants, Total and CNOOC have announced a significant new discovery of gas in the North Sea. 37 metres of net gas and condensate was found in a well drilled to a depth of 5,056 metres.
It is estimated that there are 250m barrels of oil equivalent of recoverable resources at Glengorm prospect, Total has a 25% working interest at Glengorm, CNOOC has 50% and Eurooil, wholly owned subsidiary of Edison E&P SpA holds 25%.
Kevin McLachlan, senior vice president exploration at Total said, “Following the recent Glendronach discovery, west of Shetland in the UK, Glengorm is another great success for Total in the North Sea, with results at the top end of expectations and a high condensate yield in addition to the gas.
“Our strong position in the region will enable us to leverage existing infrastructures nearby and optimise the development of this discovery.
“Glengorm is an achievement that demonstrates our capacity to create value in a mature environment thanks to our in-depth understanding of the basin.”
Ross Dornan, Oil & Gas UK’s market intelligence manager said, “This is a major find and a great example of partner companies, CNOOC International, Total E&P and Edison working together to explore and unlock the potential of the UK Continental Shelf (UKCS).
“Glengorm was a challenging prospect to drill, however the combined determination and perseverance of the partners has paid off.
“The location of the discovery, in the central North Sea, also provides a valuable opportunity to make use of the UKCS’ extensive infrastructure network.
“Coming so soon after the Glendronach discovery in September, Glengorm is a major milestone towards adding another generation of productive life to the UK North Sea and realising the ambition of Vision 2035.”