Egdon Awarded North Sea License

UK-focused Egdon Resources reported Thursday that it has been awarded a license for North Sea blocks 41/18 and 41/19 off the North Yorkshire coast by the Department of Energy & Climate Change. The licence was awarded as a result of 26th UK Seaward Licensing Round and Egdon will hold a 100-percent interest as well as operatorship.

Egdon estimates potential for the drilled structure that already exists in the license area, the 41/18-1 well (drilled by Total in 1966), to contain substantial prospective resources in the range of between 40 and 272 billion cubic feet of gas.

Egdon intends to re-evaluate this gas discovery through a work program that will include the acquisition, reprocessing and interpretation of existing 2D seismic data over the blocks together with detailed analysis of the previous well results and regional geological evaluation. Egdon said that it would seek to drill a well from an onshore location to appraise the discovery made by the original 1966 well.

Egdon Managing Director Mark Abbot commented in a company statement:

"We are delighted to have been awarded this 26th Round license over these high potential blocks in one of our focus areas. We believe that our proposed approach of appraising and potentially developing this prospect via an onshore to offshore well could unlock the value in one of the earliest North Sea gas discoveries and we look forward to commencing our detailed technical evaluation."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aberdeen Firm to Hire More Staff in 20... (Mar 30)
 -  CGG, KGOC Teams to Work Together on In... (Mar 30)
 -  Aker Solutions Reduces Total Headcount... (Mar 30)
 -  First Workers Complete New Industry Tr... (Mar 29)
 -  Mexico, UK Strengthen Ties with 5-Day ... (Mar 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Business Analyst
Expertise: Project Management
Location: Houston, TX
 
United States Houston: Senior Production Group Leader
Expertise: Logistics Management|Manufacturing Engineering|Supply Chain Management
Location: Houston, TX
 
US Houston: Attorney (Environmental Law)
Expertise: Environmental Engineer|Legal
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours