Egdon Resources plc has transferred operatorship of licence PEDL343 containing the Cloughton gas discovery in North Yorkshire to Europa Oil & Gas (Holdings) plc.
PARTNERS
Egdon managing director Mark Abbott said the company would focus on near-term priority projects while enabling Europa to progress Cloughton to potential appraisal drilling.
The companies received approval from the North Sea Transition Authority (NSTA) effective from 27 July 2023.
Licence partners comprise Europa, Egdon (each with 40%) and Petrichor (20%).
CLOUGHTON APPRAISAL
Discovered in 1986, the Cloughton field in Scarborough encountered gas throughout the Carboniferous section.
Europa said the well tested at rates of up to 40,000 scf/day on natural flow however, with the right completion and production optimisation techniques, a well could flow at 6 mmscf/day.
“The gas is good quality sweet gas with >98% methane and ethane.
“The discovery well encountered 60 metres of Carboniferous net sandstone reservoir with high gas saturations.”
The company added a large volume of gas in place already discovered provided an appraisal opportunity, with the “critical challenge” being to obtain commercial flow rates from future production testing.
“A location for an appraisal well pad has been identified and following successful testing operations, the field would be monetised by connecting to the nearby gas grid.
“Such developments remain subject to securing necessary permits and approvals.”
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