Anglo-Norwegian junior Bridge Energy announced Wednesday that its partner Wintershall Norge has begun drilling exploration well 16/1-16 on the Asha/Noor prospect in the Norwegian North Sea.
The four reservoir zones that Bridge is targeting are Noor, Mukta, Zechstein and Draupne/Asha, which have a combined mean un-risked recoverable resource of approximately 30 million barrels of oil equivalent net to Bridge.
In a company statement, Bridge Energy CEO Tom Reynolds commented:
"I am very pleased to announce the commencement of drilling on the Asha/Noor exploration well, our fourth well spudded in the second half of this calendar year. The well is a high impact exploration well which represents a large net upside potential for Bridge, with the costs associated with drilling operations mitigated by the Norwegian tax rebate system. We will announce results from the well once drilling operations are complete."
The operator, Wintershall, has a 40-percent interest in the well, while Bridge has a 20-percent interest. The two other partners, E.ON E&P Norge and VNG Norge both have a 20-percent share.
The Bredford Dolphin (mid-water semisub) rig is being used to drill well 16/1-16.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles