German power company E.ON has announced its discovery in the UK North Sea could contain “significantly higher volumes” of gas than originally estimated.
The energy giant said data from a recent appraisal well at the Tolmount gas discovery could make the find “one of the largest in this part of the North Sea for several years”.
It was unearthed in the second half of 2011 and is located 50 km off the UK coast to the northeast of Dimlington, East Riding of Yorkshire in block 42/28d.
E.ON Exploration & Production (E&P) is the operator and holds 50% of the block whilst Dana Petroleum E&P holds the other half.
Haakon Haaland, Executive Vice President Business Development & Exploration of E.ON E&P said: “The Tolmount success shows there is still potential for significant volumes of hydrocarbons to be found in the UK North Sea.”
E.ON E&P currently holds equity interests in around 50 licences in the UK and Norway and operates one third of them.