Operations on the 16/1-16A side track of the discovery well in license PL 457 are nearing completion.
The first wellbore, 16/1-16, encountered good quality oil in mid-Jurassic reservoirs in the Hugin and Triassic Skagerrak formations. The side track was then drilled to appraise the find and to establish an oil/water contact.
Based on early analysis, Bridge estimates recoverable reserves in the range of 25-35 MMboe, with further potential volumes outside the license.
This was the first well drilled on the acreage. Other nearby prospects are under evaluation. A second exploratory well will likely be drilled in the area.