Discovery made on Blackbird, by 20/2a-8 exploration well, in UK Licence P.317

abarrelfullabarrelfull wrote on 21 Apr 2013 19:20

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14th August 2008

Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, announces that it has made a discovery on the Blackbird prospect, located on the UK North Sea Block 20/2a.

This discovery is six kilometres south of our Ettrick Field. The well encountered 111 feet of net pay in multiple zones, was drill-stem tested and flowed at an average restricted rate of 3,800 bopd through a 34/64 inch choke.

Analysis indicates high quality crude oil in good quality reservoir sands. The well has been suspended, for use as a production well, while work is ongoing to fast track development as a sub-sea tie back to the Ettrick Field, given the short distance to the Ettrick floating production, storage and offloading vessel.

Partners in the licence are Nexen (operator) 79.73%, Bow Valley 12% and Atlantic Petroleum 8.27%.

Commenting on the discovery, Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum said:

“The Blackbird discovery and the successful test are very good news for Atlantic Petroleum and its shareholders. We are looking forward to a fast track development given the short distance to the Ettrick FPSO plus the partnerships are the same in both the Ettrick Field and the Blackbird discovery.”

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