The Centrica Energy-operated 43/13b-7 Pegasus West well in the Southern North Sea indicated the presence of gas, reported partner Atlantic Petroleum.
Following the analysis of available data, the joint venture has decided to drill stem test the well.
The well is being drilled with the Paragon 391 jackup rig in a water depth of 95ft. It is located approximately 7km west-southwest of the 43/13b-6Z Pegasus North discovery well and near the producing Cavendish, Trent and Esmond fields. The target was in the Carboniferous, part of a new play in the southern gas basin. Read more: Exploring the underexplored in the UK North Sea.
Atlantic says that if is testing is successful, it will help to de-risk a future Pegasus development. Atlantic says they are now unlocking the potential of their UK Southern Gas Basin acreage and will be adding further wells in the area 2015.
The Pegasus discovery is a fault-bounded anticline with an Intra-Namurian sandstone reservoir. The well was drilled in December 2010 and an appraisal well on the Pegasus West structure was spudded in July 2014.
Centrica is the operator and holds a 55% interest with partners Atlantic Petroleum (10%) and Third Energy Offshore (35%).
Both Centrica and Atlantic were of the 47 companies to apply for licenses in the Norwegian government’s latest licensing round that covers a total area of 109,205sq km. The Norwegian Petroleum Directorate (NPD) said that the level of interest was due to several oil and gas discoveries made in the Norwegian Sea in the past year. The NPD will begin evaluating the applications and plans to award the production licenses in APA 2014 during January 2015.
Map from Atlantic
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