CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea.
“The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was drilled to a total depth of 5,056 meters and encountered net gas and condensate pay zones with a total thickness of 37.6 meters,” CNOOC Limited said in a press release.
Mr. Xie Yuhong, Executive Vice President of the Company commented, “Glengorm discovery demonstrates the great exploration potential of License P2215. We are looking forward to further appraisal.”
The release said that CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, is the operator of License P2215, holding 50% interest. Total E&P UK North Sea Limited holds 25% interest and Euroil, a wholly owned subsidiary of Edison Esplorazione e Produzione SpA, holds 25% interest.
CNOOC Limited, which is a 25% stakeholder in Guyana’s offshore Stabroek Block for which ExxonMobil is operator, said that in 2019 it plans to drill 173 exploration wells and acquire approximately 28 thousand square kilometers 3-Dimensional (3D) seismic data.
The company’s net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE).