Oil discovery made on Ipswich prospect

An oil discovery has been made on the Ipswich prospect, according to Revus Energy.

Offshore staff

STAVANGER, Norway -- An oil discovery has been made on the Ipswich prospect, according to Revus Energy. Further investigations are necessary for determining if the discovery is commercial, the company says.

Exploration well 1/3-11 and sidetrack 1/3-11 T2 proved oil in rocks of Paleocene age. The well was not tested, but the discovery in the main well was further explored by a sidetrack well where coring, pressure measurement, and liquid sampling were carried out. The wells have demonstrated at least 60 m (197 ft) oil column with reservoir properties comparable to Oselvar.

TheMærsk Guardian drilled the main well to 3,232 m (10,603 ft) and the sidetrack to 3,465 m (11,368 ft) subsea, and both were terminated in rocks of early Paleocene age.

TheMærsk Guardian rig will now move to PL 289 and drill exploration well 3/7-7 for DONG E&P Norge AS on the Marsvin prospect.

08/20/2008

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