Highlights Oil and Gas Upstream

Total makes 250mn boe discovery in North Sea

Total has made a discovery in the North Sea offshore UK, with recoverable resources estimated close to 250mn barrels of oil equivalent. The discovery was made on the Glengorm prospect located in the Central Graben.

The well was drilled to a final depth of 5,056 meters and encountered 37 meters net gas and condensate pay in a high quality Upper Jurassic reservoir with excellent properties. Further drilling and testing will be carried out to appraise resources and the productivity of the reservoir. This follows the Glendronach discovery made in September 2018.

“Following the recent Glendronach discovery, West of Shetland in the U.K., Glengorm is another great success for Total in the North Sea, with results at the top end of expectations and a high condensate yield in addition to the gas,” stated Kevin McLachlan, senior vice president of exploration at Total. “Our strong position in the region will enable us to leverage existing infrastructures nearby and optimize the development of this discovery. Glengorm is an achievement that demonstrates our capacity to create value in a mature environment thanks to our in-depth understanding of the basin.”

The discovery is located on the P2215 license, which was previously part of the Maersk Oil portfolio, in water depth of about 80 metres, close to existing infrastructures operated by Total and offering tie-back possibilities, such as the Elgin-Franklin platform and the Culzean project, scheduled to start production this year.

It also presents some upside potential with several other prospects already identified on the same block. Total holds a 25% working interest in the Glengorm discovery, alongside CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited (50%, operator) and Euroil, a wholly-owned subsidiary of Edison E&P SpA (25%).

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