Oil discovery confirmed on Ipswich prospect
Posted: 20 August 2008
The drilling of the Ipswich well in licence PL 274 in Norway, including a sidetrack well, has now been completed and the preliminary well result confirmed.
Both wells proved an oil accumulation in rocks of Paleocene age. The oil and gas group PA Resources has a 30 per cent interest in the licence.
The operator for the licence PL 274 has today announced that the drilling of the exploration well 1/3-11 and the sidetrack well 1/3-11 T2 on the Ipswich prospect in Norway have been completed. The Ipswich discovery is located south of the Oselvar discovery in the southern part of the Norwegian North Sea.
"This is a very interesting discovery and a possible joint development of the Ipswich and Oselvar discoveries could add significant value to us. The first step, however, will be a thorough evaluation of this new discovery," said Ulrik Jansson, President and CEO at PA Resources AB.
The exploration well was not tested, but the discovery in the main well was further appraised by a sidetrack well where coring, pressure measurement and liquid sampling were carried out. The drilling was carried out with the drilling rig Maersk Guardian in a water depth of 72 meters.
The main well was drilled to 3,232 meters and the side track well to 3,465 meters subsea. Both wells were terminated in rocks of early Paleocene age. The well has penetrated an oil column of at least 60 meters with reservoir properties comparable to Oselvar.
Further evaluations and investigations are required in order to determine if the Ipswich discovery is commercial.
The well will now be permanently plugged and abandoned.
PA Resources has a 30 per cent interest in the licence PL 274 together with DONG E&P Norge (operator and 40 per cent), Revus Energy (15 per cent) and NORECO (15 per cent).
Posted by Richard Price, Editor, EnergyME.com
Information supplied by companies or PR agencies who are responsible for content.
Send press releases to richard@energyme.com |
