BP Finds Oil in North Sea Block 16/23

BP and its co-venturers, ENI UK Ltd and Petro Summit Investment UK Ltd, have made an oil discovery in North Sea Block 16/23s, some 230 kilometers northeast of Aberdeen, to be named Kinnoull.

BP and co-venturers are now evaluating the Kinnoull discovery and potential development options, including a subsea development tied back to BP's Andrew field which is located around 25 kilometers to the south.

Dave Blackwood, head of BP's North Sea business, said, "Discoveries like Kinnoull are important additions to our strong resource base in the North Sea. We will now evaluate development options, looking to take advantage of the existing infrastructure in the area."

Kinnoull is BP's second operated exploration success this year in the UK Continental Shelf, following the discovery of the South West Foinaven field, west of Shetland, in January. The well was drilled by the Paul B Loyd semisub.

Participants in Kinnoull are BP (77.07%), ENI UK Ltd (16.67%) and Petro Summit Investment UK Ltd (6.27%).