Tullow Oil has confirmed a gas discovery on the Cara prospect in licence 636 in the Norwegian North Sea.
Tullow said the well was drilled to a total depth of 2,702 metres in 349 metres of water, 6 kilometres northeast of the Gjoa field.
The well encountered a gas column of 51 metres and an oil column of 60 metres with the operator estimating between 25 million barrels of oil equivalent (boe) and 70 million boe have been discovered. E
xtensive data acquisition was undertaken including wireline logging and three successful core runs and a successful production test. The partners will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjøa field.
ENGIE E&P Norge AS is the operator of licence 636 with a 30% stake. The other partners are Tullow Oil Norge AS (20%), Idemitsu Petroleum Norge (30%) and Wellesley Petroleum AS (20%).
At 8:35am: (LON:TLW) Tullow Oil PLC share price was +1.5p at 218.8p