UK oil firm’s new North Sea discovery

An oil firm has announced a discovery at one of its exploration well in the UK North Sea, more than 150km offshore from Aberdeen. The Bonneville well was drilled to […]

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By Priyanka Shrestha

An oil firm has announced a discovery at one of its exploration well in the UK North Sea, more than 150km offshore from Aberdeen.

The Bonneville well was drilled to a total depth of 4,481 feet and Premier Oil found approximately 30 million barrels of oil, which it claims is in line with its pre-drill predictions.

The firm has also discovered gas in the Matang-1 exploration well in Indonesia, which will now be tested.

Simon Lockett, Chief Executive of Premier said: “We are delighted with the strong start to our 2013 exploration drilling programme with the previously announced discovery at Luno II and now the discoveries at Bonneville and Matang.”

Premier has a 50% interest in the Bonneville well. Edinburgh-based Cairn Energy has a 30% stake and German oil and gas firm Wintershall has a 20% share.