Under the terms of the transaction, Maersk Oil will farm-in to the block and drill a horizontal well to evaluate the Ockley structure, where gas and condensate were encountered in the Hod Formation of the Chalk during the drilling of the 30/1c-2A well in 1983 and the 30/2a-2 well in 1991.
Robert Hobbs, president of Veritas DGC Limited in London, commented, "We are delighted to conclude an agreement with Maersk Oil, who are acknowledged experts in the evaluation and development of Chalk reservoirs. The combination of advanced seismic technology and reservoir expertise offers a real opportunity to test a new play concept in the UK North Sea, building on Maersk Oil's extensive experience offshore Denmark."
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