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Ithaca, Premier Oil Hit Pay at Bagpuss Well; Prep for Full Analysis
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North Sea Energy Inc. has been advised by Premier Oil UK Limited, the Operator, that the 13/25a-1 well which was targeting the Bagpuss prospect on the Halibut Horst in the Outer Moray Firth has reached a total depth of 1,532 feet (TVDSS) in granite basement. The Well was drilled approximately 2 km from the 1981 Amoco well in the same structure.
The Well encountered 41 feet of hydrocarbon-bearing sands within a 68 feet hydrocarbon column. This is in line with pre-drill estimates. The sands have between 25%-33% porosity and initial indications are that the oil is heavy. The Well is now being plugged and abandoned.
Premier's Director of Exploration commented: "The Bagpuss well has successfully proven a significant volume of oil in place. We will now work with our partners to carry out a full…
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