New Offshore U.K Prospect Identified by Jersey Oil & Gas

Drilling Activity Details

Locations

United Kingdom

Operators
Post Date
Shore Type
Geo Coordinate

Drilling Activity Summary

Description

Jersey Oil & Gas announced a comprehensive subsurface evaluation across its licensed acreage and has validated its existing prospectivity. The study identified a significant new prospect, Wengen, in License P2170, directly west of the producing Tweedsmuir Field. The London-based company said that four of the Greater Buchan prospects have been matured to drill-ready status: Verbier Deep; Cortina NE (J64); Wengen (P2170) and Zermatt (P2497). The prospects have an aggregate P50 prospective resource of 222 MMboe, which includes upside potential to Cortina NE. An exploration well is currently planned for 2022. Jersey Oil & Gas is the operator of License P2170 (Blocks 20/5b and 21/1d) with 88% interest in partnership with CIECO V&C UK holding the remaining 12%.