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E.ON E&P makes significant gas discovery in the North Sea

COVENTRY -- E.ON’s Tolmount gas discovery in the North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years.

The recently completed appraisal well reached its targets within time and budget on 6th July. An 855-m side track was completed on July 30.

The Tolmount gas accumulation is situated near existing gas infrastructure in the UK North Sea. E.ON E&P already has a strong presence in this area and operates the Johnston and Babbage gas fields. “The well results will now be incorporated into development studies, with the aim of an optimized development in a short timeframe. Tolmount could be one of the largest discoveries made in the Southern North Sea in the last decade,” said Frank Sivertsen, CEO of E.ON E&P.

The Tolmount discovery is located 50 km off the United Kingdom coast, to the northeast of Dimlington, East Riding of Yorkshire, in block 42/28d in the United Kingdom Southern North Sea. E.ON E&P operator holds 50 percent of 42/28d and Dana Petroleum (E&P) Limited holds 50 percent.



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