Bridge Resources

Transaction Type
Basin
North Sea
Field
Steamboat prospect, Blocks 16/11b & 16/16b
Post Date
Estimated Price
MM
Description

Bridge Resourceshas retained Stellar Energy Advisorsto farm out up to 50% interest in the Steamboat prospect in the U.K. North Sea.

Located in Blocks 16/11b & 16/16b, Steamboat is one of the largest untested Jurassic prospects in the U.K. North Sea. The reservoir comprises high-quality, shallow marine Upper Jurassic sands, which were penetrated by well 16/16-5 immediately down-dip of the closure and AVO anomaly. Assuming a core area of closure of 3,100 acres (where the AVO response is strongest) yields potential most-likely reserves of 180 million barrels of of oil. In the upside case, the closure extends to 10,080 acres with potential for more than 500 million barrels of reserves.

Contact Dave Fassom, 44 (0) 20-7493-1977, info@stellarlimited.com.