22 C
Georgetown
Wednesday, January 20, 2021

CNOOC Limited makes discovery in UK North Sea

Must Read

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services,...

Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in...

Governments in developing countries not ready to ‘kill off’ upstream investment – WoodMac

Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

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).

1 COMMENT

Comments are closed.

Latest News

Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in...

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil...

Governments in developing countries not ready to ‘kill off’ upstream investment – WoodMac

Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms could put countries at the...

Higher fluids sales in Guyana help bump up Halliburton Latin America revenue

Halliburton reported quarterly results on Tuesday that exceeded analysts’ expectations posting a profit of 18 cents per share on revenue of $3.24 billion for...

Norway issues 61 new licences for oil and gas exploration activities

Thirty companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined...

More Articles Like This