Oil exploration firm Siccar Point Energy has today announced that the oil discovered during the Cambo, west of Shetland well test were “better than anticipated”.
The firm, who are partnered with Shell on the licence, confirmed that that the “extensive” logging and coring at the site had revealed a “a high-quality multi-Darcy reservoir with 23 API oil” and surrounding rock properties.
Siccar Point said that a 1612 ft horizontal section was drilled to conduct an extended well test, which successfully tested on natural flow for 10 days.
The firm confirmed that an evaluation of the results will take place and further pressure data will be gathered upon removal of the drill rig.
Initial results were described by Siccar Point Energy as “encouraging”.
Jonathan Roger, CEO of Siccar Point said: “We are delighted that the well test has further improved our understanding of the Cambo field and we will now be focussing on progressing the development plan of this major asset with our partner Shell.”
Earlier in the year Shell acquired a 30% non-operated working interest in UKCS licences P1028 and P1189 (incorporating the Cambo discovery) and a 22.5% non-operated working interest in P1830 (including the Blackrock prospect).
An exploration well is also planned on the nearby Blackrock prospect in 2019.
Siccar Point Energy and Shell secured additional strategic acreage in the Oil and Gas Authority’s 30th Licensing Round expanding their acreage position in the Greater Cambo Area.
The new licence area includes the Tornado gas discovery, as well as other exploration prospects, and provides satellite development opportunities to the Cambo field development.