CNOOC bares new 250 mn-boe discovery in UK North Sea

Chinese state-owned company, CNOOC Limited has a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. CNOOC estimated that the new gas and condensate discovery holds a recoverable 250 million barrels of oil equivalent (boe).

The Glengorm discovery is located in License P2215 with a water depth of approximately 86 m. The exploration well Glengorm was drilled to a total depth of 5,056 m, and encountered net gas and condensate pay zones with a total thickness of 37.6 m.

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

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