ConocoPhillips Evaluates Commerciality of Gas Field in UK North Sea

The partnership in Bloc 23/22b in the UK Central North Sea is carrying out post well evaluation to ascertain whether the Lacewing gas discovery operated by ConocoPhillips can be rendered commercial.

ConocoPhillips, with 47.3%, is the operator of the Block, while British Gas and Premier Oil own respectively 32.5% and 20.2% of the licence.

“A gas column of greater than 100 feet was encountered and the well achieved its pre-drill objectives by evaluating the Triassic interval which contained reservoir quality sands. The well is being plugged and abandoned as a hydrocarbon discovery,” reads a note released by Premier Oil on Monday.

The exploration well has reached a total depth of 14,370 feet measured depth (MD). 

“Premier recognised the high risk nature of the prospect and managed its capital exposure to this opportunity by farming down prior to drilling in return for a partial carry on the well,” concluded Premier Oil.