Centrica finds oil with Cooper probe

by on July 26, 2012 7:58 am BST

The UK
explorer is working to assess the size and commercial potential of the find,
wit hthe results of further evaluation of the reservoir are expected in the
coming weeks, according to Centrica regional director Dag Omre.

Located on
the Halten Terrace, the Cooper well was drilled by Seadrill’s West Alpha
semi-submersible in the middle
Jurassic reservoirs in the Garn and Ile formations.

The block 6506/11, licence PL477 prospect sits between the
Smorbukk oil, gas and condensate field immediately east and the Morvin oil
field to the west, both operated by Statoil.

Norwegian arm Centrica Energi holds a 40% operating interest in Cooper, with
partners  PetroCanada (30%) and Faroe
Petroleum (30%).