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GDF SUEZ reports Southern North Sea gas discovery

LONDON -- GDF SUEZ has reported a new gas discovery in the UK Southern North Sea. The Cepheus 44/12a-6 exploration well encountered a gas column within the Permian Lower Leman Sandstone, which was the primary reservoir target.

The well was spudded on March 9, 2014, and drilled to a total measured depth of 12,125 ft. It was deviated north eastwards from a top hole location in block 44/12a to the target location in block 44/12b (Licence P1731). The GSF Monarch rig is scheduled to move off location on May 29, 2014, after plugging and abandonment operations.

Jean Claude Perdigues, MD of GDF SUEZ commented: "This is a timely and pleasing statement of an exploration discovery near to the Cygnus development where excellent progress is being made on the installation of the first offshore structures. The discovery supports our strategy to add value to the Cygnus field through its development as a hub for the wider area and it consolidates the SNS as a core area for GDF SUEZ."

05/28/2014

 

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