Premier Oil Abandons Bluebell Well in North Sea

UK firm Premier Oil reported Thursday that its Bluebell exploration well (15/24c-10, Premier equity 60 percent) on UK Block 15/24 in the Central North Sea will be plugged and abandoned after reaching a total depth of 7,507 feet MD. The Palaeocene target was encountered on prognosis, the logs showed excellent sand quality but were water wet, said the firm.

The next exploration wells to be drilled in the UK Central North Sea are the Stingray and Carnaby wells. The Stingray well in UK Block 15/13b is testing a Mesozoic play on the northern margin of the Central North Sea, while the Carnaby well will target Eocene reservoirs on the Catcher acreage (UK Block 28/9).
Both wells are planned to spud in early April with results expected in May.
The firm also reported Thursday that the K-30 exploration well in Pakistan (Premier equity 15.79 percent), which spud on Jan. 15, 2012 on the Kadanwari block, has been successful.  It tested gas with a flow rate of 52 million standard cubic feet per day through a 60/64 inch choke. The operator plans to tie the well into the production facility by the end of the second quarter 2012, delivering around 30 million MMscfd.
"We recognized the geological risks of the Bluebell prospect and farmed down prior to drilling to manage this exposure," said Premier Chief Executive Officer Simon Lockett. "The K-30 result is very encouraging and continues our success in supplementing production in Pakistan through near-field exploration."