Statoil confirms North Sea Verbier well intentions

Statoil has informed Britain’s Oil and Gas Authority of a firm exploration well commitment next summer on the Verbier prospect in the UK central North Sea.

Offshore staff

LONDONStatoil has informed Britain’s Oil and Gas Authority of a firm exploration well commitment next summer on the Verbier prospect in the UK central North Sea.

Jersey Oil & Gas, which has an 18% interest in the surrounding license P.2170, blocks 20/5b and 21/1d, says no extension is therefore needed to the Nov. 30 drill-or-drop deadline.

CEO Andrew Benitz said: “We believe the planned well could be one of the most exciting exploration prospects to be drilled in the UK continental shelf in recent years.”

11/14/2016

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