Site survey work has started at the Parkmead Group-operated Skerryvore oil prospect in the central UK North Sea.
The Skerryvore prospect has the potential to contain up to 122MMbo on a most likely, P50 basis, according to Parkmead. The survey will provide detailed technical information on the Skerryvore site ahead of the prospect being drilled in 2015.
Skerryvore was awarded to Parkmead under the UKCS 27th Licensing Round. Parkmead says it consists of two stacked prospects at Palaeocene and Chalk level. The Skerryvore Palaeocene prospect is thought to be a southerly extension of the Talbot oil discovery to the north, and the deeper Skerryvore Chalk prospect shows a similar seismic response to the neighbouring Cawdor discovery. Parkmead owns a 30.5% stake in the Skerryvore area.
Tom Cross, Executive Chairman, commented: "Exploratory work is already underway at the exciting Skerryvore oil target. Skerryvore has the potential to add major value to Parkmead’s growing asset base."