World of Oil and Gas ///

GDF Suez E&P UK has confirmed that the Cragganmore exploration well was a successful gas discovery. In Block 208/17, this is one of two wells drilled in the West of Shetlands, in partnership with DONG Energy as operator. The Cragganmore well results are being evaluated to assess viability and determine further activity. The second well, Glenrothes, in Block 208/11, has been plugged and abandoned, having reached a TD of 4,295 m. The water depths of the wells were 673 m for Cragganmore and 1,169 m at Glenrothes. The drilling campaign commenced at the end of 2012, and continued into early 2013. In the West of Shetlands, GDF Suez secured its first license as operator, with three other firms as partners, in October 2012. The company now holds seven licenses in the West of Shetlands province. The company’s next exploration well in the region is planned for 2015. GDF Suez is a partner (30%) in the exploration wells at Glenrothes and Cragganmore. DONG Energy is the operator (40%), and Dana Petroleum is also a partner (30%).

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