Offshore staff
READING, United Kingdom -- Discovery of a gas condensate field in the central North Sea was announced today by BG Group. The discovery straddles blocks P011 and P0032 30/7a.
This sidetrack well confirms the initial exploration well, and BG estimates recoverable reserves at 100-275 MMbbl.
The initial well is in 81 m of water 9 km west of the existing Judy development.
"This is one of the largest recent North Sea discoveries and represents a highly attractive near-term, near-infrastructure project," said Mark Carne, BG Group executive vice president, Europe and Central Asia. "This is BG's fifth discovery in the North Sea in the past 12 months. It once again reinforces the prospects for our UK exploration and production business and shows the continued prospectivity of the North Sea."
9/1/06
