Rocksource complete CSEM survey of North Sea Cyclops prospect
2008.09.18 -
Field Development
Rocksource ASA (`Rocksource`) is pleased to announce that we have acquired a CSEM (Controlled Source Electromagnetic) survey over the 100% owned and operated Cyclops prospect in PL 456 (parts of blocks 17/6 and 17/9) on the Norwegian Continental Shelf. The prospect is estimated to contain 100 million barrels of recoverable oil. The prospect is located just north of the Bream and Brisling discoveries and is part of the same play.
The CSEM data will now be processed and interpreted in Rocksource`s proprietary software. The results will then be integrated with our other geological and geophysical data to support the decision to move on to the next phase of the work programme.
Business Unit Manager for Norway/UK, Ole J. Østvedt, states: `This is an exiting opportunity with a significant value potential for Rocksource. Given an encouraging outcome we will pursue this through an aggressive exploration program. Rocksource has already secured a drilling rig which can be used for drilling an exploration well on Cyclops`.
PA Resources AB has signed an agreement with the shareholders to acquire the entire share capital of the British oil exploration company Scotsdale Ltd. The company is focusing on low risk exploration in North West Europe. The acquisition means that PA Resources increases its presence in the North Sea with licenses in the United Kingdom and Denmark, and potentially also in the Netherlands.
Aker Exploration has entered into agreements with the international oil company Eni Norge to acquire ownership interests in two licenses in the vicinity of the Åsgard field. The agreements further strengthen Aker Exploration’s position in the Norwegian Sea.
SCAN Geophysical ASA (SCAN) today announced that the company is
remobilising its seismic vessel, M/V Geo Searcher, to re-commence a previously-suspended
2D project offshore Pakistan for BP.
The Norwegian Petroleum Directorate (NPD) has granted ENI Norge AS a drilling permit for wellbore 34/12-1 in the North Sea.
Eni has successfully drilled the last appraisal well, encountered approximately 127 metres (419 ft) of net pay in multiple sands. The initial analysis indicates good reservoir quality.
