Premier Hits Oil in Bagpuss Well
Oil and gas exploration and production company Premier Oil has made an oil discovery at the North Sea Bagpuss well, which encountered 41 feet of hydrocarbon-bearing sands within a 68 foot hydrocarbon column.
The 13/25-1 well, which was targeting the Bagpuss prospect on the Halibut Horst in the Outer Moray Firth, reached a total depth of 1,532 feet. The find was in line with pre-drill estimates. The well is now being plugged and abandoned.
“The Bagpuss well has proven a significant volume of oil in place. We will now work with our partners to carry out a full analysis of the hydrocarbons and reservoir encountered to ascertain whether commerciality can be established,” said Robin Allan, director of exploration and North Sea at Premier.
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