Eni makes a new oil discovery in the UK North Sea

abarrelfullabarrelfull wrote on 16 Jan 2013 13:20

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21 May 2008

Eni has made a new oil discovery in the UK Central North Sea.

The discovery is located in block 16/23 South, at a water depth of 103 meters, approximately 230 kilometres north east of Aberdeen.

Exploration well 16/23-7, which confirmed the presence of a hydrocarbon accumulation, reached a total depth of 2787 metres below sea level. The discovery has been named Kinnoull.

The joint venture, consisting of Eni UK Limited (16.67%), BP (77.07%, operator) and Petro Summit (6.27%), is evaluating the well results and is planning further activity to assess the discovery and outline potential development options. The closest facility is the BP-operated Andrew Field, located approximately 25 kilometres south, in which Eni has a participating interest of 16.21%.

Eni has been present in the UK since 1964. Eni net equity production in the country is approximately 110,000 barrels of oil equivalent per day.

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