Receive our newsletter – data, insights and analysis delivered to you
  1. News
November 15, 2018

Azinor Catalyst makes oil discovery at Agar-Plantain prospect in UK

Azinor Catalyst has reported an oil discovery at its 9/14a-17B exploration well and associated side-track on the Agar-Plantain prospect in the UK North Sea.

Azinor Catalyst has reported an oil discovery at its 9/14a-17B exploration well and associated side-track on the Agar-Plantain prospect in the UK North Sea.

The company noted that the initial 9/14a-17B well, which was drilled by the Transocean Leader semi-submersible drilling rig, encountered excellent quality oil and water-bearing sands.

As the wellbore delineated the eastern extent of the hydrocarbon discovery, the licence partners drilled the contingent Agar side-track to further appraise the discovery.

The side-track has hit a 20m interval of quality oil-bearing sands.

Located close to existing infrastructure, the discovery is estimated to contain recoverable resources ranging between 15 and 50 million barrels of oil equivalent (Mboe), based on a preliminary analysis.

“Given the proximity to local infrastructure, the shallow reservoir depths and significant upside on the block, this is shaping up to be a highly attractive project for us.”

With a 25% interest, well operator Catalyst added that further analysis will be required to establish the quality of the oil.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

Azinor Catalyst managing director Nick Terrell said: “Given the proximity to local infrastructure, the shallow reservoir depths and significant upside on the block, this is shaping up to be a highly attractive project for us.”

Cairn Energy’s wholly owned subsidiary Nautical Petroleum owns a 50% stake, while the remaining 25% is held by Faroe Petroleum.

Cairn stated that the partners will carry out further evaluation of development options to establish commerciality.

Catalyst is currently working on plugging and abandoning the Agar-Plantain well.

In 2014, the company made the Agar discovery with the 9/14a-15A exploration well, which encountered a 33ft column.

Cairn farmed into licence P1763 with Azinor Catalyst in June, which saw the acquisition of a 25% interest within the greater licence area and a 50% stake in the Sole Risk Area that comprises Plantain-Agar.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU