Glengorm becomes another great success for Total in the North Sea offshore U.K.

Glengorm becomes another great success for Total in the North Sea offshore U.K.

(PRESS RELEASE) PARIS, 29-Jan-2019 — /EuropaWire/ — Total has announced a new significant discovery on the Glengorm prospect located in the Central Graben, which is part of the P2215 license. The license was previously part of the Maersk Oil portfolio, in water depth of about 80 meters, 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. The new discovery follows Glendronach, which was announced in September 2018.

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.

Initial estimates are in the range of 250 million barrels of oil equivalent.

Total holds a 25% working interest in the Glengorm discovery. Other partners include 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%).

Total also operates the Culzean gas field with a 49.99% working interest.

Kevin McLachlan, Senior Vice President Exploration at Total:

“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.  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.”

Offshore Licence Data – Licence P2215

• Licence: P2215
• Status: Extant
• Licence Start Date: 01/12/2014 (Executed 17/03/2015)
• Initial Term End Date: 30/11/2020
• Second Term End Date: 30/11/2024
• Licence End Date: 30/11/2040 (Anticipated)
• Licence Administrator Name: CNOOC PETROLEUM EUROPE LIMITED
• Licence Administrator Registered: No 01051137
• Licence Administrator Group Name: CNOOC LIMITED

Total is one of the United Kingdom’s leading oil and gas operators with equity production of 179,000 boe/d in 2018 working in the country for more than 50 years.  Total’s production in the United Kingdom comes principally from operated fields located offshore in three major zones, the Alwyn/Dunbar area in the Northern North Sea, the Elgin/Franklin area in the Central North Sea and the Laggan-Tormore hub in the West of Shetland area where the Glendronach discovery was made last year, and from recently acquired Maersk Oil assets.

SOURCE: Total